Solana ETFs ‘Defy Physics’ Amid Price Weakness: Where Is the Demand Coming From?

The broader crypto market weakness and investor risk aversion have weighed heavily on Solana’s (SOL) price, with the asset down over 31% year-to-date. Despite this, the spot exchange-traded funds (ETFs) still paint a picture of resilience. This raises a key question: Where is the demand coming from? Solana ETFs See Demand Even as SOL Price Falls Since Launch In a recent X (formerly Twitter) post, Bloomberg’s senior ETF analyst Eric Balchunas highlighted that Solana spot exchange-traded funds (ETFs) attracted $1. 5 billion in inflows since launching in July 2025, even as SOL’s price dropped roughly 57% over the same period source: https://beincrypto.com/solana-etf-inflows-buyers-price-drop/