Solana ETFs Attract $500M+ Inflows; SOL Targets $315 Breakout
Solana ETFs have drawn over $500 million in combined inflows this month, driven by both staking and spot products. The REX-Osprey Staking Solana ETF saw weekly net inflows rise to $24 million, lifting assets under management above $400 million. Meanwhile, new Solana spot ETFs attracted $197 million in just four days, as investors rotated capital from BTC and ETH, which posted $289 million of ETF outflows.
On-chain metrics also strengthened: stablecoin supply on Solana jumped 14% to $15.6 billion, transaction volume rose 55% to $48 billion, and DEX trading volume reached $140 billion versus Ethereum’s $148 billion. Analysts from JPMorgan and Kronos Research forecast up to $6 billion inflows for upcoming staking ETFs in their first year and $5 billion for U.S. spot Solana ETFs within two years.
Technically, SOL is holding above a key trendline and forming bullish patterns—a triple bottom and a broadening wedge—indicating a potential breakout. Traders should watch resistance around $210 and support near $185. A clear move above $210 could propel SOL toward $315, while a drop below $185 would weaken the outlook.
Bullish
The combined data from staking and spot Solana ETFs shows growing institutional inflows, complemented by robust on-chain growth metrics and bullish technical setups. Short-term resistance at $210 and support at $185 create clear entry points for traders, while forecasts of multi-billion-dollar inflows underline long-term demand. This alignment of fundamental and technical factors supports a bullish outlook for SOL.