Overview
- U.S.-listed Solana spot ETFs took in about $9.7 million in the latest 24 hours, led by Bitwise’s BSOL at roughly $7.5 million and Grayscale’s GSOL near $2.2 million.
- Cumulative inflows have climbed to roughly $323 million over eight days, including a recent single day near $29 million, signaling persistent institutional demand.
- SOL rebounded from the $145–$150 demand zone and now faces resistance around $160–$165, with technicians eyeing $175–$185 if that range is cleared.
- Derivatives positioning remains mixed, with funding near -0.179 and about $2.6 million in short liquidations over 24 hours, suggesting a squeeze-prone but fragile setup.
- Risks flagged include steep losses at Solana-linked treasury firms that could trigger forced selling, alongside weak broader sentiment that could blunt ETF-driven gains.