Solana Spot ETFs Hit $600M AUM with $6.8M Weekly Inflows
Solana spot ETFs have attracted nearly $600 million in assets since launch, logging net inflows for 10 consecutive days. Last week, the funds recorded $6.8 million in weekly net inflows. Bitwise’s BSOL led with $5.9 million, while Grayscale’s GSOL added $0.9 million. Overall AUM now stands at $598 million and the net asset ratio is 0.64%. Derivatives open interest remains steady at $3.4 billion and funding rates average -0.0009, indicating balanced market sentiment. SOL trades around $165, down about 1–2.3% in 24 hours, testing resistance at $170 and support at $160; a break below could target $150. On-chain metrics remain robust, with daily active addresses elevated. Strong spot demand and sustained ETF inflows highlight growing market maturity and suggest bullish momentum for SOL.
Bullish
The sustained net inflows into Solana spot ETFs, combined with a steady rise in AUM to nearly $600 million, indicate growing institutional and retail demand. Balanced derivatives open interest and neutral funding rates reduce leverage risk, while high on-chain activity underscores strong network fundamentals. Although SOL has seen short-term price dips, the consistent ETF flows, robust on-chain metrics, and clear resistance/support levels suggest bullish momentum for both near-term trading and long-term investor confidence.