Solana ETF Inflows $44M, Bitcoin ETFs See $191M Outflows
Solana ETF inflows have surged by $44.48 million across four days, pushing total Solana ETF assets above $502 million. Bitwise Solana Staking ETF (BSOL) leads with $222.8 million AUM and a 7% staking yield, gaining 4.99% on Friday. Meanwhile, Bitcoin ETFs saw $191.6 million in outflows and Spot Ether ETFs lost $98.2 million, reflecting capital rotation into yield-generating products. Hong Kong approved its first Spot Solana ETF, and Grayscale plans to convert its Solana Trust to an ETF. Technical indicators show SOL trading at $185.73; a pullback below $190 may offer a buying opportunity, with support near $160 and resistance between $295 and $320. A confirmed breakthrough above $200 could propel SOL toward $600 by 2026.
Bullish
Short-term, the surge in Solana ETF inflows indicates strong demand and buyer interest, likely supporting SOL price momentum. The launch of new products and Hong Kong approval further boosts institutional participation. Technical patterns suggest a bullish breakout potential above $200. Long-term, the staking yield narrative and ongoing capital rotation into yield-bearing crypto assets could sustain upward pressure on SOL as investors seek alternative returns beyond Bitcoin and Ethereum ETFs.