Solana Spot ETFs don hit $600M AUM wit $6.8M weekly inflows
Solana spot ETFs don attract near $600 million for assets since dem start, dey get net inflows for 10 days straight. Last week, the funds record $6.8 million net inflows for the week. Bitwise BSOL lead with $5.9 million, Grayscale GSOL add $0.9 million. Total AUM now dey at $598 million and net asset ratio stay 0.64%. Derivatives open interest steady for $3.4 billion and funding rates average -0.0009, show say market sentiment balanced. SOL dey trade around $165, down about 1–2.3% in 24 hours, dey test resistance at $170 and support at $160; if e break below fit target $150. On-chain metrics strong, daily active addresses high. Strong spot demand and steady ETF inflows show say market dey mature and fit get bullish momentum for SOL.
Bullish
Di steady net inflows we dey flow enter Solana spot ETFs, combined wit steady rise for AUM almost reach $600 million, dey show say institutional and retail demand dey increase. Balanced derivatives open interest plus neutral funding rates reduce leverage risk, as high on-chain activity show strong network fundamentals. Even though SOL get short-term price dips, consistent ETF flows, strong on-chain metrics, plus clear resistance/support levels dey suggest say bullish momentum dey for both near-term trading and long-term investor confidence.