Solana ETFs See $323M Inflows Despite SOL Price Weakness

Solana’s exchange-traded funds (ETFs) are recording strong institutional demand even as the token’s market price slides. According to curb.sol data, Solana ETFs attracted over $29 million in inflows today, bringing total inflows for the past eight days to more than $323 million. The consistent inflows suggest that institutional investors are accumulating Solana despite current price weakness.

Solana ETFs Defy Broader Market Sentiment

Data from SolanaFloor revealed that Bitwise’s BSOL fund added $29.2 million in inflows today, pushing total capital since its launch last week beyond $300 million. This steady demand comes even as broader crypto markets remain uncertain. Analysts suggest that such resilience reflects growing institutional confidence in Solana’s ecosystem, driven by its efficiency, strong developer activity, and expanding DeFi presence.

Solana’s price, however, has experienced short-term weakness. The token is trading at $154.52, down 2.79% in the last 24 hours and nearly 17% over the past week. Despite the decline, Solana maintains a market capitalization of $85.6 billion with a circulating supply of 550 million tokens.

Analysts View Current Range as Key Accumulation Zone

Source: X

Analyst AltcoinGordon described the sub-$160 zone as an “exceptional accumulation opportunity,” citing Solana’s long-term uptrend and historical breakout patterns. The daily chart shows the asset forming consistent higher lows along a rising trendline near $150, signaling structural strength. After its last rebound from this region, SOL moved above $200 and briefly tested the $270–$290 zone before retracing.

This correction, according to market observers, marks a typical consolidation phase in an ongoing uptrend. The support areas near $200 and $230 remain important zones for future rebounds. A sustained move above $290 could confirm the next phase of bullish continuation.

Technical Range Points to Potential Reversal

Source: X

Analyst CryptoPulse noted that Solana is currently consolidating within a reversal range between $145 and $155. The pattern reflects a cooling-off period as volatility decreases and sellers lose momentum. A sideways structure in this region could precede a new rally, with $184 as the first resistance level to reclaim.

Consequently, if buyers maintain control above $145, the next upside target sits around $200. However, a breakdown below that support could lead to another test near $138. Overall, analysts believe institutional inflows and technical structure suggest Solana remains in a strong accumulation phase despite short-term declines.