Solana Surges Past $250 Amid ETF Hopes and Institutional Interest

NEW YORK, New York — On September 18, 2025, Solana’s native token, SOL, surged above $250, reaching its highest point in nearly eight months. This spike is attributed largely to increased institutional adoption and anticipation surrounding upcoming exchange-traded funds (ETFs).

Over the past 30 days, SOL has outperformed the broader altcoin market by 25%. Traders are currently analyzing whether the bullish momentum can continue, noting that the appetite for leveraged SOL long positions remains muted. The annualized perpetual futures funding rate has hovered close to 8%, indicating low demand for leveraged purchases.

Institutional interest appears to be growing, with firms collectively accumulating over 17 million SOL, valued at around $4.3 billion. Notable investments include Forward Industries, holding 6.82 million SOL, and Sharps Technology with 2.14 million SOL. These holdings contribute to a reduced risk profile for SOL based on supply and demand dynamics.

The strategy of corporate treasuries acquiring cryptocurrency, popularized by Michael Saylor, continues to gain traction. On September 18, Helius Medical Technologies announced a focus on SOL as part of its strategy. Traders are also exploring the options market, where interest appears to lean towards neutral-to-bearish strategies, reflected in the put-to-call premium ratio.

Investor optimism is also tied to expectations regarding multiple Solana ETFs expected to launch by October. On September 17, the U.S. Securities and Exchange Commission (SEC) indicated potential acceleration for spot cryptocurrency ETF approvals, raising hopes for SOL ETF applications.

Meanwhile, the cryptocurrency landscape also sees developments such as Grayscale’s $930 million Digital Large Cap Fund, which has obtained SEC approval. Analysts note that Solana is currently displaying strong staking yields of 6.8%, compared to Ethereum’s 2.9%, hinting at an attractive investment option for newcomers.

While the market remains volatile, experts suggest that for SOL to break the $300 mark, persistent corporate treasury accumulation and ETF inflows will be vital. Overall, Solana’s impending developments have many traders and investors watching closely.