The much-anticipated Solana (SOL) ETF has officially gone live, triggering a wave of excitement across the crypto market. Bitwise’s Solana Staking ETF (BSOL) and Grayscale’s SOL ETF (GSOL) made their debut on U.S. exchanges this week, drawing significant investor interest.

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BSOL alone posted over $72 million in second-day trading volume, with total net inflows surpassing $116 million. Combined, SOL ETFs now account for more than $430 million in assets, representing roughly 0.4% of the token’s total market cap.

Yet, despite the record-setting launch, Solana’s price remains muted. After briefly touching $201, SOL slipped back below $195, extending a pattern of post-launch consolidation that has le

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