- Solana’s price action shows a potential pullback after breaking key support, with traders eyeing recovery above the $180 consolidation range.
- Grayscale waives sponsor and staking fees for GSOL, staking 100% of its holdings with a 7.23% reward rate for investors.
- Combined inflows of $281.4 million into Solana ETFs reflect rising institutional demand and confidence in Solana’s long-term ecosystem growth.
Solana (SOL) is witnessing renewed attention as its market structure shifts from a consolidation phase toward a potential rebound, following Grayscale’s latest fee waiver announcement for the Grayscale Solana Trust (GSOL).
Market Structure Shows Pullback Attempt in SOL Price Action
According to market analysis shared by BitGuru on X, $SOL has completed a clean consolidation phase and tapped lower support levels, indicating a possible pullback attempt. The 4-hour SOL/USDT chart on Binance reveals that after a sharp downtrend, Solana’s price stabilized between $185 and $210, forming a prolonged consolidation range.
This period reflected balanced market conditions, with repeated failed breakouts suggesting accumulation.As trading moved into early November, Solana slipped below the consolidation zone, marking renewed bearish control.
The decline pushed prices toward $165–$170, where a mild recovery attempt emerged. Analysts observed that this level now acts as resistance. A small bounce in this zone could extend toward the mid-range if buying volume strengthens.
The market remains cautious, with neutral sentiment prevailing unless SOL manages to reclaim levels above $180, which would confirm a shift back into the prior consolidation range.
Grayscale Introduces Fee Waiver and Expanded Staking for GSOL
Grayscale Investments announced a temporary waiver of the sponsor’s fee and reduced staking costs for the Grayscale Solana Trust (GSOL). The initiative applies for up to three months or until assets under management reach $1 billion.
The trust is now staking up to 100% of its SOL holdings, offering a 7.23% staking reward rate.Inkoo Kang, Senior Vice President of ETFs at Grayscale, stated that the decision directs more returns to investors. The fee reduction extends to both new and existing participants.
Grayscale also confirmed it began staking in October, even before the product became an exchange-traded product.GSOL provides exposure to Solana while distributing real-time staking rewards.
ETF Inflows Reflect Growing Institutional Confidence in Solana
Recent ETF data show rising investor interest in Solana-based exchange-traded funds. Combined inflows for Grayscale (GSOL) and Bitwise (BSOL) have reached $281.4 million, indicating growing participation.
While overall flows remain smaller compared to Bitcoin and Ethereum ETFs, Solana’s consistent accumulation suggests expanding recognition among professional investors. The combination of Grayscale’s fee incentives and steady ETF growth may support gradual stabilization in Solana’s market structure moving forward.
