Overview
- Bitwise’s Solana Staking ETF has drawn more than $545 million in net inflows since its Oct. 28 NYSE debut, including $223 million in seed capital, with reported inflows each of the past eight trading days.
- Over the same period, spot Bitcoin ETFs lost more than $2.1 billion and Ethereum funds shed about $579 million, underscoring a rotation that favors Solana products, according to Farside figures reported by Yahoo Finance.
- SOL is fluctuating around $150–$165 as analysts flag resistance near $160–$175 and key support around $145–$160, with scenarios ranging from a rebound toward $180–$200 to a slide toward the low $120s if support fails.
- Flow tallies vary by source, with separate trackers citing roughly $29 million in a single day and about $323 million across Solana ETFs over eight sessions, while Grayscale’s GSOL has recorded around $114 million in net inflows.
- Market risks include warnings about potential forced selling from distressed treasury-linked firms and bearish signals such as a looming death cross, contrasted by supportive on-chain liquidity after a reported 1.25 billion USDC mint on Solana.