Solana ETFs Attract Steady Institutional Demand
Solana-based exchange-traded funds (ETFs) have posted an impressive 17 straight days of net inflows, totaling $476 million in demand. This streak signals a surge in institutional interest in the Solana ecosystem, especially as ETF products gain traction in the broader crypto market.
The continued inflows are viewed as a vote of confidence in $SOL’s long-term fundamentals, driven by its growing DeFi presence, low fees, and rising developer activity. Analysts say that this kind of ETF momentum often precedes broader market adoption and retail interest.
Resistance Near $140 Could Cap Gains
Despite the strong ETF demand, Solana faces technical resistance. Futures market data indicates increasing selling pressure around the $140 level, which has acted as a price ceiling in recent sessions. If this resistance holds, analysts warn that $SOL could retrace back toward the $120 support zone.
Open interest in Solana futures has also risen, suggesting that traders are preparing for volatility. While some are betting on further upside, others appear to be hedging or shorting against the ETF-driven rally.
This divergence between spot ETF inflows and derivatives market behavior highlights the current uncertainty in Solana’s short-term price action.
Bullish Fundamentals vs. Market Caution
The market is now watching to see whether sustained ETF demand can overpower resistance in the futures market. If $SOL breaks above $140 convincingly, it could open the path toward $160 or beyond.
However, if sellers continue to dominate at current levels, a dip to $120 wouldn’t be surprising. Long-term investors may view such a pullback as a buying opportunity, especially given the strong institutional signals from the ETF space.