Solana ETF inflows soar: When will SOL price follow the trend?

Solana's newly launched ETFs continued to attract heavy inflows, but a weakening market structure threatens a deeper correction to $120 for SOL price.

Spot Solana exchange-traded funds (ETFs) have continued to attract capital despite SOL’s (SOL) steep price drawdown. Since launch, the products have accumulated $476 million in total net inflows, with the streak extending 17 consecutive days, even as Solana’s (SOL) price plunged nearly 30% from $186 to $130.

Key takeaways:

Spot SOL ETFs posted 17 straight days of inflows, with Bitwise’s BSOL representing 89% of the total value.

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