Rothschild, PNC Boost Solana ETF Stakes with $336M Inflows
Rothschild Investment and PNC Financial Services have upped stakes in the Volatility Shares Solana ETF (SOLZ), collectively acquiring 6,000 shares valued at about $132,720. This disclosure forms part of a broader trend seeing $336 million flow into Solana ETF products, notably the Bitwise Solana Staking ETF (BSOL) ($323M inflows) and the Grayscale Solana ETF (GSOL). In response, SOL’s price rallied nearly 5% to $167 as spot volume surged 55% and futures open interest rose 3% to $7.8 billion across CME and Binance. On-chain data highlights key support at $147.49, with technical indicators like the TD Sequential reinforcing a bullish outlook. Growing institutional allocations underscore confidence in Solana’s DeFi ecosystem and may sustain upward price momentum.
Bullish
Rising institutional allocations and significant capital inflows into Solana ETF products have directly propelled SOL’s price and trading activity. The near 5% price jump, volume spike, and higher futures open interest reflect strong buyer demand, suggesting continued short-term upside. Longer term, the growing confidence in Solana’s DeFi and staking potential, along with robust technical support and high-yield ETF structures, may sustain momentum and attract further inflows, reinforcing a bullish outlook.