TLDR:
- Solana ETFs recorded $323 million in inflows within eight days, according to market data.
- Treasury companies linked to Solana are reported to have seen large valuation declines.
- SOL is trading at $154.16, down 18% weekly, according to CoinGecko.
- Analysts warn that forced selling could test support near the $150-$160 demand zone.
Solana ETF investors continued to pour capital into the market despite growing weakness in the broader crypto sector. Bitwise’s $BSOL fund registered another $29.2 million in inflows, bringing its total to more than $300 million since launching last week.
The consistent purchases suggest that institutions are still accumulating exposure to Solana even as the token faces pressure. At press time, Solana was trading at $154.16, down 2.25% in 24 hours and 18% on the week, according to CoinGecko.
Demand for the Solana ETF defies market contraction
Data from @SolanaFloor and @CryptoCurb showed that ETF inflows have remained resilient, with $29M added in a single day.
The Bitwise Solana ETF has now attracted a total of $323 million in just eight days, signaling steady institutional interest. Despite a broader market decline, investor sentiment around Solana’s ecosystem remains strong.
The inflow streak indicates confidence in Solana’s long-term fundamentals even as a short-term one volatility remains. Institutional participants appear to be using the recent correction as an entry opportunity.
Market watchers at X noted that accumulation patterns are similar to those seen before Solana’s previous rallies.
However, technical traders are cautious. @bitgu_ru observed that SOL dipped into a key demand zone between $150 and $160, where buyers are starting to show support. If this zone holds, analysts suggest the token may recover towards $175-$185 in the short term.
Treasury company divestment threatens price floor
Although demand for the ETF remains strong, analysts at the chain have expressed concern about Solana finance company facing huge losses.
@TedPillows said several treasury-linked entities are in “free fall” and warns a deeper downturn could trigger forced sales of SOL. Liquidity stress among these companies could exert downward pressure if the broader market weakens further.
The sharp decline in treasury values has fueled fears of an overall liquidation event. Some market observers believe that Treasury drawdowns could offset institutional inflows if conditions persist.
The balance between ETF Accumulation and treasury selling will likely determine Solana’s next major price direction.
Per CoinGecko data, Solana’s 24-hour trading volume was $5.96 billion, showing Active participation despite price weakness. Traders are closely monitoring whether ETF inflows can absorb any selling from struggling government accounts.
