Solana ETF Don Enter $44M, Bitcoin ETFs Dey See $191M Comot
Solana ETF don dey get influx of $44.48 million inside four days, e push total Solana ETF assets pass $502 million. Bitwise Solana Staking ETF (BSOL) dey lead with $222.8 million AUM and 7% staking yield, e gain 4.99% last Friday. Meanwhile, Bitcoin ETFs dey see $191.6 million outflows and Spot Ether ETFs lose $98.2 million, e show say capital dey rotate go yield-generating products. Hong Kong don approve im first Spot Solana ETF, and Grayscale wan convert im Solana Trust to ETF. Technical indicators show say SOL dey trade at $185.73; if e pullback below $190, e fit give better buy chance, support dey near $160 and resistance dey between $295 and $320. If e confirm breakthrough above $200, e fit push SOL go $600 by 2026.
Bullish
Short-term, di increase wey dey for Solana ETF inflows mean say demand strong and buyers dey interested, e fit support SOL price to rise. The launch of new products plus Hong Kong approval still dey encourage institutional participation. Technical patterns dey show say e get chance to break above $200. Long-term, the story about staking yield and ongoing capital rotation into crypto assets wey dey give yield fit keep pressure for SOL to go up as investors dey find alternative returns besides Bitcoin and Ethereum ETFs.