VanEck’s Solana (SOL) ETF, VSOL, was launched on Monday, Nov. 17, 2025. This is the third SOL ETF in the US, following Bitwise and Grayscale, both of which launched in October. Despite having three ETF launches over the last month, SOL’s price has failed to show any positive movement. According to CoinGecko’s Solana data, SOL is down 3.1% in the last 24 hours, 16.2% in the last week, 13.4% in the 14-day charts, and 25.4% over the previous month. Moreover, SOL’s price has tanked by 43.2% since November 2025.

Will Solana Rally After Its 3rd ETF Launch?

The current market situation is rather dark. Bitcoin (BTC) fell below the $90,000 mark, and the crypto market saw more than $1 billion in liquidations. The global crypto market cap has fallen 3.8% in the last 24 hours to $3.21. Solana (SOL) and other assets are following the market’s risk-averse trend.

Solana (SOL) had three ETF launches over the last few weeks that have collectively seen more than $380 million in inflows. Despite the high inflows, SOL’s price has failed to display a strong rally. This could be due to the general market bearishness.

The crypto market has taken a beating over the last month. The market dip is likely due to low expectations of another interest rate cut in 2025. Federal Reserve Chair Jerome Powell also warned about slow economic growth and rising inflation. Both developments may have spooked investors away from risky assets such as Solana (SOL) and other cryptocurrencies.

Also Read: Solana Firedancer, Alpenglow Upgrades: $250 SOL Surge OTW?

Solana (SOL) will likely not rebound untill a market-wide resurgence. Bitcoin (BTC) is the market leader, and until BTC rallies, other cryptocurrencies will likely not make an upward climb. The crypto market could rebound if macroeconomic conditions improve. An interest rate cut in 2026 could also elevate investor sentiment.