Solana News Today: Solana ETFs Outpace Bitcoin as $567M Inflows Highlight Staking Yield Appeal

Solana ETF Inflows Reach $567M as 20-Day Streak Extends, With Price Testing $130-$138 Range

Solana's spot ETFs have attracted $567 million in net inflows since their October 28 debut, extending a 20-day streak of positive capital flows, according to data from SoSoValue and CoinGlass. The inflows have outperformed Bitcoin and Ethereum ETFs, which have faced significant redemptions amid broader market volatility. While Bitcoin ETFs recorded $3.7 billion in outflows and Ether ETFs lost $1.64 billion between November 3 and 24, Solana's products drew $369 million in inflows during the same period, driven by institutional and retail demand for its yield-bearing attributes.

The Bitwise Solana ETF (BSOL) has been the standout performer, accounting for 89% of total inflows with $424 million in cumulative net flows since launch. On November 19 alone, BSOL recorded $35 million in new capital, its third-largest daily intake. Fidelity's FSOL and Grayscale's GSOL followed with $5 million and $13 million in inflows, respectively according to cointelegraph. The sustained interest underscores Solana's appeal as a staking asset, with native rewards of 5%-7% attracting investors seeking passive income, a feature that Bitcoin ETFs lack according to cointelegraph.

Despite the inflows, Solana's price remains under pressure, trading between $130 and $140 as of November 24. Technical indicators suggest a mixed outlook. The token's price hovers below key moving averages, with the 50-day EMA at $173 and the 200-day EMA at $180 acting as overhead resistance. The RSI at 38 indicates subdued momentum, while the MACD indicator remains in negative territory, signaling lingering bearish pressure. However, a breakout above $160 could reignite optimism, though a failure to reclaim the $149 support level would likely extend the decline toward $120.

The surge in ETF activity coincides with the launch of new products, including 21Shares' TSOL, which debuted on November 19 with $100 million in AUM. Fidelity, Canary Marinade, and VanEck have also introduced Solana ETFs, broadening institutional access to the network. VanEck's VSOL, for instance, offers a fee waiver until assets reach $1 billion, while Canary Marinade's SOLC integrates staking via Marinade Finance, targeting yield-focused investors according to financefeeds.

Market participants attribute the sustained inflows to Solana's expanding ecosystem, including $3.14 billion in daily decentralized exchange (DEX) volume and a total staked supply of 407 million SOL. Retail stakers have added over 238,000 SOL since October 30, even as prices fluctuated. Analysts like 21Shares' Bohdan Opryshko argue that the market is bifurcating, with investors increasingly prioritizing yield-generating assets over speculative trades.