Solana News Update: Institutional Investors Pour into Solana ETFs While Bitcoin and Ethereum Trail Behind
- U.S. Solana ETFs recorded 10 consecutive days of inflows, totaling $342M, surpassing Bitcoin and Ethereum in institutional demand. - Bitwise (BSOL) and Grayscale (GSOL) led with $5.92M and $854K net inflows, signaling strong adoption despite crypto market volatility. - Analysts highlight Solana's expanding utility and stable derivatives metrics, but warn of consolidation risks as price dips 2.3% to $163. - Technical indicators show bearish momentum (AO -21, RSI 40), with potential downside to $80 if key
Spot
U.S.-listed spot Solana exchange-traded funds (ETFs) have now posted 10 consecutive days of net inflows, accumulating $342 million since their debut at the end of October. This ongoing trend reflects rising institutional trust in Solana’s ecosystem, with inflows surpassing those of Bitcoin and Ethereum ETFs, according to a
The
Eric Balchunas from Bloomberg described the inflows as “a massive figure” and a “positive indicator” for Solana’s adoption, highlighting that BSOL’s second-day trading volume hit $72 million, reflecting robust institutional demand, according to the
Nonetheless, technical signals have introduced some caution. Solana’s price has entered a consolidation phase, trading at $163 at the time of writing—a 2.3% decrease over the last 24 hours, according to the
Despite ongoing ETF inflows, market experts caution that a pullback is possible. Recent figures show that net inflows have slowed, with November 10’s total dropping to $6.78 million from a high of $70 million earlier in the month, according to a
Looking ahead to 2025, forecasts warn that Solana could face renewed downward pressure if it fails to hold support at $144 or $120. Should the price fall below $144, it could decline toward $80 by December, as indicated by Coinpedia and the
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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