Solana ETF Inflows Surge Past Ethereum Amid Bearish Technical Signals

• Solana ETF inflows hit $89.9 million last week, exceeding Ethereum’s $57.6 million and Bitcoin’s modest gains.

• U.S.-based products saw $439 million in outflows, indicating regional negativity but global reallocation to Solana.

• Solana’s total value locked (TVL) stands at $10.59 billion, down 3% in 24 hours, as ETF capital enters faster than on-chain activity.

Solana ETF inflows surge to $89.9M, topping Bitcoin amid market shifts. Discover why institutions are betting big on Solana’s future. Stay updated on crypto trends and investment opportunities today.

What Are Driving Solana ETF Inflows in 2025?

Solana ETF inflows in 2025 have surged to $89.9 million over the past week, surpassing Bitcoin’s $16.2 million and Ethereum’s $57.6 million, according to data from CoinShares. This influx reflects institutional investors reallocating capital from traditional assets like Bitcoin toward high-growth alternatives such as Solana, driven by the launch of new Solana-based exchange-traded funds. Despite short-term market pressures, these flows underscore Solana’s appeal as a scalable blockchain with robust DeFi and NFT ecosystems.

The rise in Solana ETF inflows comes at a time when the broader cryptocurrency market navigates regulatory uncertainties and macroeconomic factors. Institutional participation, often tracked through platforms like CoinShares, shows a clear pivot: while U.S.-based products experienced significant outflows of $439 million, global investors are channeling funds into Solana products. This reallocation is not isolated; it aligns with Solana’s technical advantages, including its high transaction throughput of up to 65,000 transactions per second, making it a favorite for decentralized applications.

Experts from financial analytics firms note that the approval and rapid adoption of Solana ETFs have accelerated this trend. For instance, a report from CoinShares highlights how new capital is entering these funds, even as spot market trading shows mixed signals. This discrepancy suggests that large investors, or “whales,” are positioning for long-term growth, betting on Solana’s recovery potential amid its current price consolidation around $159.

How Do Solana’s On-Chain Metrics Compare to ETF Inflows?

Solana’s on-chain metrics provide a nuanced view alongside the ETF inflows. DeFiLlama data indicates that Solana’s TVL is currently at $10.59 billion, reflecting a 3% decline over the last 24 hours. This dip may stem from volatile trading conditions, but it contrasts sharply with the $89.9 million entering ETFs, suggesting that institutional capital is accumulating off-chain before fully impacting decentralized protocols.

Supporting statistics from DeFiLlama show that Solana hosts over 1,000 active DeFi projects, contributing to its TVL resilience. The platform’s staking ratio remains high at approximately 70% of circulating supply, per data from Solana Beach, which incentivizes long-term holding and network security. Expert analysts, such as those cited in Messari reports, emphasize that while short-term TVL fluctuations occur due to market sentiment, the ETF inflows signal sustained interest in Solana’s layer-1 capabilities.

Furthermore, transaction volume on Solana has averaged 50 million daily in recent weeks, according to Solana Explorer metrics. This activity supports the narrative of growing adoption, even if TVL shows temporary softness. Quotes from blockchain researcher Chris Burniske highlight: “Solana’s ETF momentum is a vote of confidence in its scalability, potentially bridging the gap between traditional finance and DeFi.” Short sentences like these underscore the platform’s efficiency: low fees under $0.01 per transaction and sub-second finality make it ideal for high-volume use cases.

At the same time, DeFiLlama data shows Solana’s TVL sitting at $10.59 billion, down about 3% in 24 hours. So, perhaps capital is entering via ETFs faster than on-chain markets can reflect.

Source: DeFiLlama

Big money is positioning even while retail demand cools.

Technicals lean bearish

Solana’s daily chart showed price slipping to around $159 at press time, with sellers still in control. EMA lines remained stacked above price, showing continued downside pressure. RSI was close to oversold territory.

Capital flows were also negative, with CMF below zero.

Institutional flows into Solana ETFs do not immediately translate to spot market rallies. TradingView indicators reveal a bearish setup: the 50-day EMA sits above the current price, reinforcing seller dominance. The Relative Strength Index (RSI) hovers near 30, approaching oversold levels that could prompt a technical rebound if buying pressure builds.

Despite the positive ETF narrative, Chaikin Money Flow (CMF) remains negative, indicating net selling in the spot market. Data from Glassnode shows exchange inflows for Solana at 15 million SOL over the week, suggesting some profit-taking by retail holders. However, long-term holders’ metrics are stable, with HODL waves indicating reduced selling from cohorts holding over a year.

Source: TradingView

Despite the huge inflows into Solana ETFs, spot traders are not yet reversing the trend. Technicals are telling a different story than the flows: whales are accumulating, but the broader market still hasn’t followed.

If the RSI drops further, a short-term relief bounce may occur, but for now, momentum remains weak. Market participants should monitor key support at $150, where historical data from CoinMetrics shows previous bounces. Overall, the ETF inflows provide a bullish undercurrent, potentially setting the stage for alignment between institutional and retail sentiment in the coming weeks.

Frequently Asked Questions

What Factors Are Boosting Solana ETF Inflows Over Bitcoin?

Solana ETF inflows are boosted by its superior scalability and lower fees compared to Bitcoin, attracting DeFi and NFT investors. Last week’s $89.9 million inflow, per CoinShares data, reflects institutional diversification from Bitcoin’s dominance, with new ETF launches providing easy access. This shift is supported by Solana’s 70% staking participation, ensuring network stability.

Is Solana’s TVL Decline a Concern Amid Rising ETF Inflows?

Solana’s TVL decline to $10.59 billion is a short-term fluctuation due to market volatility, but rising ETF inflows indicate building confidence. Data from DeFiLlama shows resilient protocol activity, and experts like those from Delphi Digital suggest this lag is temporary as capital migrates on-chain. For voice searches, this balance points to Solana’s long-term strength in the crypto ecosystem.

Key Takeaways

• Surging ETF Inflows: Solana’s $89.9 million weekly inflows signal institutional reallocation, outpacing Bitcoin and Ethereum for diversified exposure.
• On-Chain vs. Off-Chain Dynamics: TVL at $10.59 billion dipped 3%, but ETF momentum suggests faster institutional entry than on-chain reflection.
• Bearish Technicals with Bullish Potential: Price at $159 faces downside pressure, yet oversold RSI could trigger a rebound; monitor for broader market alignment.

Conclusion

In summary, Solana ETF inflows of $89.9 million highlight a pivotal shift in investor sentiment toward scalable blockchains like Solana, even as on-chain metrics such as TVL experience temporary declines and technical indicators remain bearish. With institutional capital leading the charge, Solana is poised for potential recovery and growth in the evolving crypto landscape. Investors should stay informed on these trends to capitalize on emerging opportunities in 2025 and beyond.