Solana ETFs Experience Strong Inflows Amid Price Decline

According to Cointelegraph, spot Solana (SOL) exchange-traded funds (ETFs) have made a robust entry into the market, attracting significant institutional interest. The ETFs recorded over $400 million in weekly inflows, highlighting the growing demand for Solana's native asset. On Monday, spot SOL ETFs reached a daily high of $70 million in inflows, marking the strongest performance since their launch on October 28. Since debuting, the total spot ETF inflows have reached $269 million. Data from Bitwise reveals that two Solana ETFs, Bitwise’s BSOL US Equity and Grayscale’s GSOL US Equity, collectively garnered $199.2 million in net inflows, excluding seed capital, during their first week. Bitwise’s BSOL ETF led the way, accumulating $401 million in assets under management (AUM) by October 31, representing over 9% of the total global SOL ETP AUM and 91% of global SOL ETP flows last week. In contrast, Grayscale’s GSOL US Equity attracted only $2.18 million, accounting for roughly 1% of total ETP flows. Globally, weekly net inflows into Solana ETPs exceeded $400 million, marking the second-highest weekly inflow on record. Bitwise’s Solana Staking ETF (BSOL) emerged as the top-performing crypto ETP globally, ranking 16th among all ETPs across asset classes for the week. The total Solana ETP AUM currently stands at $4.37 billion, with US-listed products accounting for the majority of new investments. Bitwise estimates suggest that a $1 billion net inflow could potentially lead to a 34% increase in SOL’s price, assuming a beta sensitivity of 1.5. Despite the record inflows, Solana's price has experienced a sharp decline, falling over 16% to $148.11 on Tuesday, its lowest level since July 9. This downturn broke a 211-day uptrend that began on April 7, with the $95 level serving as the yearly low. Solana is currently testing a daily order block between $170 and $156, an area with limited support. The price has fallen below the 50-day, 100-day, and 200-day EMAs, indicating potential bearish confirmation on the daily chart. With liquidity lows around $155 being tested, Solana could see a mean reversion recovery if buyers defend this zone, especially as the relative strength index (RSI) hits its lowest level since March 2025. However, if the price falls below $160 and fails to hold $155, it could target a downside range between $120 and $100, marking a deeper correction phase unless a short-term rebound occurs soon. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.