Institutional capital returns to Solana (SOL). Spot Exchange Traded Funds (ETFs) open the gates for a new wave of influx. Solana’s resurgence has captured the attention of the broader crypto community, recording consistent daily inflows and experiencing momentum not seen in months. The question now remains whether this steady build-up of institutional accumulation could ultimately provide momentum SOL’s price towards $300.
Solana records 11 days of consecutive ETF inflows
The Solana price is currently hovering above $156, about half of that ATH of just over $294 set in January 2025. In recent months, the altcoin has experienced significant volatility, including a 20% drop in the past month. During this period, there was little news driving the market. However, the recent increase in numbers SOL ETF activity could mark a potential turnaround for Solana’s price.
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According to data from SoSoValue, US Spot Solana ETFs do witnessed a cumulative total net inflow of $350.47 million in less than two weeks. This suggests that institutions have been buy Solana ETFs every day since launch, which is a sign of confidence in today’s volatile market.
Today, Solana ETFs’ daily net inflows reached $7.98 million, up about $1.2 million from the previous day’s $6.78 million. SoSoValue’s chart shows that the highest daily inflows over the past eleven days occurred on November 3, when Solana ETFs raised an impressive $70.05 million from both Bitwise and Grayscale.
The BSOL ETF from Bitwise has been the main driver of this steady inflow, accounting for $331.74 million of the total Grayscale’s GSOL ETF contributed a modest $18.72 million. The data underlines that institutions are not only showing interest in these new crypto investment products, but also actively taking long-term positions in Solana exposure.
Considering that Bitcoin ETFs will drive the cryptocurrency’s price to former ATHs by 2024, Solana could see a similar reaction if ETF inflows remain strong and broader inflows Market sentiment remains positive. While it remains unclear whether the cryptocurrency can reach $300, the steady accumulation of institutions provides a constructive foundation for future price increases.
Grayscale Expands Trading Access with Solana ETF
New reports reveal that Grayscale has added a new layer of optimism to the SOL news by announcing that options trading for its Solana Trust ETF is not yet live. This provides investors with additional opportunities to gain exposure to the cryptocurrency, manage risk and trade Solana price movements.
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Grayscale has announced that the Solana Trust will offer 100% staking, zero fees and an average staking reward rate of over 7%, making it an attractive option for investors looking for both exposure and returns. While Grayscale’s new moves strengthen Solana’s presence in the digital asset landscape, the introduction of options trading could also improve liquidity for the cryptocurrency.
Featured image of Pixel Plex, chart from Tradingview.com