- U.S. spot **Solana** ETFs recorded inflows of about $23.6 million on Wednesday, their largest daily inflow in four weeks.
- The ETF inflows equal less than 1% of Solana’s daily spot volume, limiting immediate price impact.
- Solana trades near $145 while **Bitcoin** sits close to $97,000, amid improving investor sentiment.
- Network-wide metrics such as DEX volume, transaction activity, and total app revenue have fallen in recent months.
- There are bright spots: nine of the 22 fastest-growing $100M-revenue companies run on **Solana**, and **Pump.fun** activity jumped, per on-chain data.
U.S. spot Solana exchange-traded funds logged inflows of about $23.6 million on Wednesday, the largest daily net inflow in four weeks, according to data from SoSoValue. The move comes as Bitcoin trades near $97,000 and sentiment across markets has improved, while Solana is trading around $145, flat on the day and up about 8% over the past week.
Market analysts flagged that the ETF flows offer some momentum but may not be enough to change the broader trend. Lacie Zhang of Bitget Wallet said the inflows give “substantial momentum to potentially break Solana’s recently subdued trend,” and added that the flows “coincide with broader market recovery and could propel prices toward $150 if sustained.”
Others noted limits to the impact. Illia Otychenko, Lead Analyst at CEX.IO, said, “The current demand is not strong enough to sustain bullish momentum or trigger a clear trend change.” He added that “Solana ETF total net assets account for only about 1.5% of SOL’s market capitalization, and their daily trading volume is less than 1% of total Solana spot volume.”
Traders on the prediction market Myriad place a 17% probability on an altcoin season starting in Q1 2026, up slightly from the start of the week. On-chain and industry data show mixed signals: FrictionlessVC reports nine of 22 fastest-growing $100M revenue companies run on Solana, while Dune analytics indicate Pump.fun doubled active addresses and saw nearly 31,000 daily token creations last week.
Analysts caution that these positive signs exist alongside declines in overall DEX trading volume, transaction activity, and total app revenue, leaving the network under broader pressure despite isolated growth.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Bitcoin Reclaims $97K; Eyes $100K Before Jan. 20? – Analysts
- US Rules Could Spark Sovereign Bitcoin Reserves in 2026 Soon
- JPMorgan Sees 2026 Crypto Rally After $130B Inflows, Upswing
- Spot Bitcoin ETFs See $840.6M Inflows; Retail Turns Bearish.
- Ripple Luxembourg EMI Win Sends XRP Up 3.5%, Boosts EU Scale
