Solana Price Rises 2% as VanEck Updates Spot Solana ETF Filing

The Solana price has surged 2% in the last 24 hours, to trade at $206, on a 23% drop in the daily trading volume, to $5.73 billion.

This comes as VanEck files its fifth amendment for the spot Solana ETF (VSOL) with the U.S. SEC, introducing a 0.30% management fee and a regulated staking feature—the first of its kind for a U.S. digital asset fund. The ETF will track Solana’s price while earning additional returns through staking with providers like SOL Strategies.

Gemini and Coinbase will serve as custodians, ensuring secure, regulated storage. VanEck’s staking model includes a 5% liquidity buffer to manage redemption risks during market volatility. The company may also explore liquid staking tokens (LSTs) if regulations allow.

Despite the detailed filing, analysts say there’s no fixed timeline for approval, as the process now falls under Generic Listing Standards (GLS). However, the ongoing U.S. government shutdown has halted regulatory activity, delaying any potential progress on Solana ETF approvals until normal operations resume.

Solana Price Rebounds Above $200 As Bulls Regain Control

Solana (SOL) price has climbed back above the $200 mark after bouncing from a key support zone, showing that buyers are regaining strength. The token is currently trading at around $204, up nearly 1% in the last 24 hours. This recovery comes after a brief dip toward $180, where strong buying pressure helped the price rebound sharply.

The daily chart shows that Solana has been moving inside a bullish channel since mid-July, forming consistent higher highs and higher lows. The lower boundary of this channel acted as strong support during the recent market pullback, keeping the broader uptrend intact. As long as SOL stays above this support area, the bullish outlook remains valid. Analysts believe a clear breakout above the upper line of the channel could push prices toward the next resistance near $260, marking a potential 25% upside move.

SOLUSDT Analysis. Source: Tradingview

Below $180, the next major support sits around $150, where a large amount of sell liquidity is visible from past trading activity. A breakdown below this zone could weaken the short-term structure and attract more sellers. However, current momentum indicators suggest that Solana still has room to rise.

The Relative Strength Index (RSI) currently stands around 46, which is a neutral level. This means the token is not overbought or oversold, leaving room for further price movement in either direction. If buying pressure continues, the RSI could trend upward toward the 60–70 zone, signaling renewed bullish momentum.

Solana’s technical setup remains strong, with clear support above $180 and potential upside targets near $240–$260. As long as the bullish channel holds, traders could see more upward movement in the days ahead, especially if broader crypto market sentiment improves.