VanEck’s Solana (SOL) ETF, VSOL, was launched on Monday, November 17, 2025. This is the third SOL ETF in the US, following Bitwise and Grayscale, which were launched in October. Despite the ETF being launched three times in the last month, SOL’s price has not shown any positive movement. According to CoinGecko’s Solana data, SOL has fallen 3.1% in the past 24 hours, 16.2% in the last week, 13.4% on the 14-day chart, and 25.4% month-over-month. Moreover, SOL price has plummeted 43.2% since November 2025.
Will Solana rise after the third ETF launch?
The current market situation is quite bleak. Bitcoin (BTC) has fallen below the $90,000 level, with more than $1 billion in liquidations in the crypto market. The global cryptocurrency market capitalization fell by 3.8% in the past 24 hours to $3.21. Solana (SOL) and other assets are following market risk aversion trends.
Solana (SOL) has launched three ETFs in the past few weeks, totaling more than $380 million in inflows. Despite large capital inflows, SOL’s price has not shown strong growth. This may be due to overall market weakness.
The cryptocurrency market soared last month. The market decline is likely due to low expectations for further interest rate cuts in 2025. Federal Reserve Chairman Jerome Powell also warned of slowing economic growth and rising inflation. Both developments may have scared investors away from risky assets like Solana (SOL) and other cryptocurrencies.
Solana (SOL) may not recover until the overall market recovers. Bitcoin (BTC) is the market leader, and other cryptocurrencies are unlikely to rise until BTC recovers. The cryptocurrency market may recover if macroeconomic conditions improve. A rate cut in 2026 could also boost investor sentiment.
