Solana ETF inflows hit $568M over 20 days despite SOL price slide

Since the first Solana spot ETF launched on October 28, Solana ETFs have seen 20 consecutive trading days of net inflows totaling $568 million. Bitwise’s BSOL ETF has led with $483.6 million (89%) of these inflows, driven by its 0.20% fee and up to 7% staking rewards. Average daily inflows stand at $28 million, including a record $39.5 million on November 24. Despite robust ETF inflows, the SOL price has fallen over 30% this month to around $138, leaving 80% of circulating supply at a loss. Futures data reveal rising sell pressure at the $140 resistance—open interest spikes suggest new short positions—while high funding rates indicate crowded long leverage on the SOL price. Analysts warn a breach of the $120 support could trigger approximately $239 million in liquidations below $124.4, potentially sparking panic selling. Technical indicators keep SOL capped near the 50-period EMA, vulnerable to further declines if it fails to reclaim $140 quickly. Meanwhile, Solana’s ecosystem continues to expand: real-world asset holders have surpassed 100,000, and the MON token on Solana DEX recorded $87 million in 24-hour volume, outpacing rival platforms.