Solana ETF Hits $608.9M in Inflows as Total SOL Traders Drop 87% From January Highs
As of the reporting period, Solana continues to attract sustained institutional interest through regulated investment products. The spot Solana ETF managed by Bitwise Investment has recorded 33 consecutive days of net inflows. Total inflows into the fund have reached $608.9 million, reflecting consistent capital allocation toward Solana exposure.
ETF Flows Highlight Institutional Allocation Shifts
According to SoSoValue data, Solana spot ETFs have posted weekly net inflows since inception. Assets under management across Solana ETFs stood near $928 million as of Monday.
Additionally, none of the seven active Solana ETF products reported net redemptions during the period. This pattern highlights steady demand rather than short-term speculative positioning.
Comparatively, Bitcoin spot ETFs attracted $287 million in net inflows during the same week. Ethereum spot ETFs recorded $209 million in net inflows. Solana ETFs added $33.6 million, reinforcing their position as a growing institutional allocation. Hence, Solana continues to secure attention despite lower absolute flows than Bitcoin and Ethereum.
Solana Price Action and Market Structure Signals
Solana traded at $132.54 during the latest session, posting a daily gain of 1.08%. However, the token remains down 4.25% over the past seven days. Trading volume reached $3.24 billion, while the market capitalization stood near $74.5 billion. With 560 million SOL in circulation, price stability remains a focal point for traders.
Source: X
Bitcoinsensus highlighted Solana holding a critical technical support zone. The analyst noted that the $120 level acts as a key neckline support. A sustained break below this level could shift broader market structure. Consequently, traders continue monitoring this zone for directional confirmation.
Network Participation Trends Add Caution
Source: X
On-chain activity metrics show contrasting signals beneath the ETF inflow narrative. Analyst dxrnelljcl reported a sharp decline in active Solana traders. Active wallets reportedly fell from 4.8 million to roughly 624,000 since January. This represents an estimated 87% reduction from peak participation levels.
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