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Solana News Update: Institutional Investors Pour into Solana ETFs While Bitcoin and Ethereum Trail Behind

Solana News Update: Institutional Investors Pour into Solana ETFs While Bitcoin and Ethereum Trail Behind

Bitget-RWA2025/11/12 10:40
By:Bitget-RWA

- 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

ETFs Have Recorded Inflows for 10 Straight Days, Outpacing and in Attracting Investors

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

(BSOL) and (GSOL) have been leading this surge, with drawing $5.92 million in net inflows just on Monday, and following with $854,480, as reported by .
Solana News Update: Institutional Investors Pour into Solana ETFs While Bitcoin and Ethereum Trail Behind image 0
Since October 28, total inflows have reached $342.48 million, with positive inflows nearly every day. Experts attribute this momentum to Solana’s growing use cases and network expansion, even as the wider crypto market remains volatile.

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

. In comparison, Bitcoin ETFs saw just $1.15 million in inflows on Monday, all from Bitwise, while Ethereum ETFs had no net inflows, as per the . Solana’s strong performance is further supported by derivatives data, which shows open interest (OI) holding steady at $3.4 billion and average funding rates at -0.0009, indicating a balanced market without excessive speculation, according to an .

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

. Both the relative strength index (RSI) and capital flow indicator (CMF) point to subdued buying momentum, with resistance near $170 still holding, as noted by 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

. Technical indicators such as the MACD and Awesome Oscillator (AO) remain bearish, with AO at -21 and RSI close to 40, suggesting the asset may be oversold, based on the .

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

notes. While ETF inflows remain a positive factor, the prevailing bearish in the broader market and weak investor confidence could restrict Solana’s gains in the short term.

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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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