Solana is hovering around the mid‑$150s to low‑$160s on Wednesday while crypto markets consolidate. ETF flows remain a bright spot for SOL, and fresh U.S. guidance on staking could prove pivotal for fund design and long‑run demand.
At a glance
- SOL price today: ~$160.55, down ~1.9% on the day; day’s range: $153.72–$161.09; market cap: ~$88.6B. [1]
- Market mood: Majors—including bitcoin, ether and solana—edged lower as traders waited for fresh catalysts. [2]
- ETF flows: U.S. spot Solana ETFs notched 10–11 consecutive days of net inflows through Nov. 10–11, led by Bitwise’s BSOL. [3]
- Policy backdrop: This week’s IRS guidance opened the door for crypto ETPs to participate in staking without tripping tax problems—important for proof‑of‑stake assets like SOL. [4]
- Network status:No incidents reported today on Solana mainnet. [5]
Solana (SOL) price today — Nov. 12, 2025
Solana is trading near $160.55, down about 1.9% over the past 24 hours. The intraday range has been $153.72–$161.09, with circulating supply listed around 553.9M SOL and a market value of roughly $88.6B at press time. [6]
What’s moving SOL today
Broader crypto markets are in consolidation mode, with bitcoin, ether and solana slipping modestly while traders eye U.S. policy headlines and macro data for the next directional cue. In short: no fresh catalyst, lighter liquidity, and a gentle risk‑off tilt. [7]
Two near‑term drivers still matter for SOL:
- Persistent ETF demand.
As of Monday and Tuesday (Nov. 10–11), U.S. spot Solana ETFs registered 10th and 11th straight days of net inflows, including $6.78M on Nov. 10 and about $7.9–$8.0M on Nov. 11, according to SoSoValue tallies picked up by multiple outlets. Bitwise’s BSOL led the intake, with smaller flows into Grayscale’s GSOL. [8] - A clearer path to staking yield for ETPs.
On Monday, the IRS issued guidance that removes a key tax hurdle for crypto exchange‑traded products to engage in staking and pass rewards through to investors. For a proof‑of‑stake network like Solana, that framework could shape product design (and demand) in the months ahead. [9]
Context: the new ETF era for SOL
The Bitwise Solana Staking ETF (BSOL) launched on Oct. 28, using a recently enabled U.S. process that didn’t require a formal SEC approval step. It accumulated about $420M in its first week, and its surprise debut has pushed rivals to rethink their plans. The episode underscores how quickly the ETF channel is opening for altcoins—and why SOL remains in focus. [10]
Network health & ecosystem watch
There are no outages or incidents reported on Solana’s official status page today, keeping attention on macro and fund flows rather than technical disruptions. [11]
On the roadmap side, developers continue to iterate on performance. Recent proposals tied to the Firedancer client—built by Jump Crypto—aim to lift throughput ceilings after upcoming core upgrades. While not a same‑day catalyst, these changes frame the medium‑term scalability story investors are tracking. [12]
Key levels to watch
- Near‑term resistance: ~$165 — a zone SOL slipped below on Tuesday, turning it into a level bulls will want to reclaim. [13]
- Initial support: ~$153–$155 — today’s low and a spot that drew dip‑buyers intraday. [14]
A decisive move back above $165 would improve momentum; sustained trading beneath $155 would risk a test of deeper support areas from earlier in the month. (Levels are observational, not predictive.)
Outlook
Into the close of the week, ETF flow data and any follow‑ups to the IRS staking guidance are the primary fundamental inputs for SOL, with macro headlines acting as the wild card. With network operations stable and the ETF channel still attracting capital—albeit in smaller daily clips—$160 has become the battleground for direction. [15]
Disclosure: This article is for information purposes only and does not constitute investment advice. Cryptocurrency is volatile and capital is at risk.
References
1. www.investing.com, 2. www.coindesk.com, 3. www.tradingview.com, 4. www.coindesk.com, 5. status.solana.com, 6. www.investing.com, 7. www.coindesk.com, 8. www.tradingview.com, 9. www.coindesk.com, 10. www.reuters.com, 11. status.solana.com, 12. www.coindesk.com, 13. www.coindesk.com, 14. www.investing.com, 15. www.tradingview.com
