Solana Staking ETF Pulls $500M in 18 Days as SOL Drops 10%
A new Solana Staking ETF has attracted $500 million in just 18 days, underscoring rising staking demand in the cryptocurrency market. Despite this rapid inflow, SOL’s price slid nearly 10% over the past week and 30% in the last month, trading between $124 and $161. The RSI sits around 42, indicating room for a rebound. Key resistance levels are $185 and $222, while support lies at $111 and $73. This price analysis highlights short-term volatility amid strong institutional interest. Traders should watch Solana Staking ETF flows alongside broader market signals as SOL attempts a recovery. Secondary cryptocurrencies mentioned include BTC, ETH, ADA, DOT and AVAX.
Neutral
The news balances strong institutional interest in staking with immediate price weakness. A $500M inflow into a Solana Staking ETF signals growing demand and potential long-term bullishness for SOL. However, the 10% weekly drop and continued volatility limit immediate upward momentum. Similar to past ETF launches that attracted capital but saw short-term pullbacks (e.g., Bitcoin futures ETF), staking products can drive gradual price support rather than swift rallies. Traders may see neutral impact: staking demand underpins medium-term bullish case, while near-term sentiment and technical resistance keep SOL subdued.