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$674M flows into Solana ETFs despite broader market downturn

Written by Heidi Cuthbert Published dez. 15 2025Last Updated dez. 15 2025

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Solana (CRYPTO:SOL)-focused exchange-traded funds have recorded seven consecutive days of net inflows even as the wider cryptocurrency market remains under sustained pressure.

Data from Farside Investors shows that Solana ETFs attracted a cumulative $674m in net inflows during the period, highlighting continued institutional engagement.

The strongest single day of inflows was recorded last Tuesday, when $16.6m entered Solana-linked ETF products.

The inflow streak has emerged despite SOL underperforming the broader digital asset market and trading in a prolonged downtrend.

Analysts note that ETF flows often reflect longer-term positioning rather than short-term speculative trading behaviour.

The REX-Osprey Staked SOL ETF, launched in the United States in July, has been one of the key vehicles contributing to the inflow trend.

Another significant contributor is the Bitwise BSOL ETF, which launched in October and posted $57m in trading volume on its first day.

“One of the most remarkable ETF launches of the year,” Bloomberg analyst James Seyffart said, referring to the debut performance of the Bitwise product.

Market observers suggest the continued ETF demand may signal confidence in Solana’s network fundamentals rather than short-term price expectations.

On-chain metrics present a more cautious picture, with some indicators such as total value locked showing signs of softening.

Despite institutional inflows, Solana’s market capitalisation has declined by more than 2% over the past seven days, according to Nansen data.

SOL has fallen nearly 55% from its all-time high of $295 reached in January, a rally driven in part by heightened memecoin activity on the network.

The token is also down approximately 47% from its September local high of $253, reinforcing the longer-term bearish structure.

Technical analysis shows strong resistance between $140 and $145, a range SOL has failed to close above throughout the current month.

Open interest on SOL perpetual futures stands at around $447m, indicating ongoing speculative participation without clear directional conviction.

Analysts say the divergence between ETF inflows and spot price weakness reflects a broader market pause amid macroeconomic uncertainty.

The trend suggests institutional investors may be positioning early for a recovery rather than reacting to short-term volatility.

Market participants increasingly view sustained capital inflows as a sign that long-term value generation is becoming a greater focus than speculative momentum.

At the time of reporting, Solana price was $131.48.