- Spot Solana ETFs recorded about $39M in weekly inflows, led by Bitwise and Fidelity, as institutional interest and futures activity strengthened.
- SOL rose to around $97, with traders eyeing a potential move toward $120 amid improving technical signals and steady demand.
Spot Solana ETFs are seeing renewed investor interest as capital flows return and traders position for a potential move higher in SOL price. The latest data shows the strongest weekly inflows since February, reinforcing growing confidence in the asset’s short-term outlook.
ETF inflows hit $39 million in a week
Spot Solana ETFs recorded about $39.23 million in net inflows over the past week, marking their strongest performance since February.
The inflows were led by:
- Bitwise Asset Management BSOL ETF with roughly $36 million
- Fidelity Investments FSOL ETF adding over $1.8 million
Since launch, cumulative inflows across spot Solana ETFs have now reached around $1.06 billion, showing steady institutional participation despite earlier market slowdowns.
Derivatives market activity supports buying pressure
Alongside ETF inflows, Solana derivatives markets have also expanded. Futures open interest climbed sharply from $4.94 billion to $6.4 billion, indicating increased trading activity and positioning.
Spot and futures data show:
- Rising cumulative buy pressure in spot markets
- Futures cumulative volume delta increasing to about $593.6 million
- Positive funding rates around 0.065%, showing traders are paying premiums for long positions
These signals suggest buyers have remained active even during short-term price fluctuations.
Why traders are watching the $120 SOL level
SOL is currently trading near $97, up about 15% in the past week. Traders are focusing on the $120 level for several reasons:
- A potential double-base structure on higher time frames
- Break above the 100-day exponential moving average for the first time since October 2025
- Limited resistance between $95 and $120 after earlier sharp corrections
This combination is viewed as supportive of further upside if buying pressure continues.
Short-term price action shows caution and key support in focus
Despite recent gains, short-term activity has started to slow. Spot trading volume has flattened, and buyers appear to be waiting for confirmation before adding new exposure. As a result, price action has been consolidating around the $95–$96 range, suggesting a pause rather than a full reversal in trend.
At the same time, analysts are watching the $89–$91 zone as the nearest key support level. Holding above this area could help maintain the broader bullish structure and keep the recent upward trend intact.
Spot Solana ETFs are regaining traction as institutional inflows rise and derivatives markets strengthen. With SOL holding gains near $97 and traders watching $120, market positioning continues to shift in favor of buyers, even as short-term caution remains.
ALSO READ: Terra Classic LUNC Price Rises 4% as Altcoin Rotation and Burn Narrative Drive Demand
DISCLAIMER:
The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.