- Solana (SOL) ETFs registered a seven-day streak of inflows, totaling approximately $674 million.
- On Tuesday, SOL ETFs saw the highest daily inflow of about $16.6 million.
- SOL’s price has dropped nearly 55% from its January peak, trading below key support levels.
- Despite price declines, SOL ETFs attract institutional interest amid a broader market downturn.
- Open interest for SOL perpetual futures exceeds $447 million as of now.
Solana exchange-traded funds (ETFs) experienced a seven-day run of inflows, continuing despite SOL’s declining market price and the overall crypto market downturn. On Tuesday, about $16.6 million flowed into SOL ETFs, marking the highest daily addition during this period, according to data from Farside Investors. The total net inflow into SOL ETFs now stands at roughly $674 million.
The U.S. market saw the debut of SOL ETFs in July with the launch of REX-Osprey’s staked SOL ETF, followed by Bitwise’s BSOL Solana ETF in October. The latter was cited as one of the top ETF launches of 2025 by Bloomberg ETF analyst James Seyffart via his statement. These inflows indicate growing interest from institutional and traditional financial investors despite declines in onchain metrics such as total value locked, which measures the amount of capital held in a protocol’s smart contracts.
Over the past week, SOL’s market capitalization decreased by more than 2%, data from crypto analytics platform Nansen shows. Open interest on SOL perpetual futures—contracts without an expiry date—is over $447 million, according to Nansen’s data.
SOL’s price has fallen nearly 55% from its all-time high of about $295 reached in January, which coincided with the launch of the Trump memecoin on the Solana network. The token has traded below its 365-day moving average—a significant support level—since November and is down approximately 47% from a local high near $253 in September.
Resistance remains strong between $140 and $145, as SOL has failed to close above this range in December, despite the ETF launches and growing interest from crypto executives and U.S. regulators. On the topic of blockchain adoption in financial markets, Securities and Exchange Commission (SEC) Chair Paul Atkins stated, “US financial markets are poised to move onchain” via his announcement.
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