Solana News Today: Institutional Money Floods Solana ETFs as Bitcoin, Ethereum Lag

Spot Solana ETFs Have Seen 10 Consecutive Days of Inflows, Surpassing Bitcoin and Ethereum in Investor Interest

Spot Solana exchange-traded funds (ETFs) in the U.S. have extended their streak of consecutive inflows to 10 days, amassing $342 million since their launch in late October. The sustained demand highlights growing institutional confidence in Solana's ecosystem, outpacing inflows into Bitcoin and Ethereum products, according to a Cryptonews report.

The Bitwise Solana ETF (BSOL) and Grayscale Solana ETF (GSOL) led the charge, with BSOL capturing $5.92 million in net inflows on Monday alone, followed by GSOL at $854,480, according to the Cryptonews report. Cumulative inflows since October 28 now total $342.48 million, with positive flows recorded nearly every day. Analysts attribute this trend to Solana's expanding utility and network adoption, despite broader crypto market volatility.

Bloomberg's Eric Balchunas called the inflows a "huge number" and a "good sign" for Solana's adoption, noting that BSOL's second-day volume of $72 million underscored strong institutional interest, according to the Cryptonews report. By contrast, Bitcoin ETFs brought in just $1.15 million on Monday, entirely from Bitwise, while Ethereum ETFs saw no net flows, according to the Cryptonews report. Solana's outperformance was further reinforced by derivatives data showing stable open interest (OI) of $3.4 billion and average funding rates of -0.0009, indicating balanced sentiment without aggressive speculative activity, according to an Ambcrypto analysis.

However, optimism is tempered by technical concerns. Solana's price action has shown signs of consolidation, with the token trading at $163 as of press time-down 2.3% in the past 24 hours, according to the Ambcrypto analysis. The relative strength index (RSI) and capital flow indicator (CMF) suggest limited buying strength, and resistance levels near $170 remain unbroken, according to the Ambcrypto analysis.

Market analysts warn of potential corrections despite ETF inflows. Recent data shows declining net inflows, with the November 10 figure dropping to $6.78 million from a peak of $70 million in early November, according to a Coinpedia analysis. Technical indicators like the MACD and Awesome Oscillator (AO) remain bearish, with the AO at -21 and RSI near 40, signaling possible oversold conditions, according to the Coinpedia analysis.

Price forecasts for 2025 caution that Solana could face renewed downside pressure if key supports at $144 or $120 fail. A breakdown below $144 could push the price toward $80 by December, according to Coinpedia, as the Coinpedia analysis suggests. While ETF inflows remain a positive sign, the broader market's bearish momentum and weak investor conviction could limit Solana's upside in the near term.