TLDR:
- Solana ETFs recorded $323M in inflows within eight days, according to market data.
- Treasury firms linked to Solana are reportedly seeing major valuation declines.
- SOL trades at $154.16, down 18% weekly, according to CoinGecko.
- Analysts warn forced selling could test support near the $150–$160 demand zone.
Solana ETF investors continued to pour capital into the market despite growing weakness across the broader crypto sector. Bitwise’s $BSOL fund recorded another $29.2 million in inflows, lifting its total to more than $300 million since launch last week.
The consistent buying suggests institutions are still accumulating exposure to Solana even as the token faces pressure. At press time, Solana traded at $154.16, down 2.25% over 24 hours and 18% on the week, according to CoinGecko.
Solana ETF Demand Defies Market Pullback
Data from @SolanaFloor and @CryptoCurb showed ETF inflows have remained resilient, with $29 million 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 the Solana ecosystem remains strong.
The inflow streak indicates confidence in Solana’s long-term fundamentals even as short-term volatility persists. Institutional participants appear to be using the recent correction as an entry opportunity.
Market watchers on X noted that accumulation patterns resemble 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 could rebound toward $175–$185 in the short term.
Treasury Firms’ Sell-Off Threatens Price Floor
While ETF demand remains strong, on-chain analysts have raised concerns about Solana treasury firms facing steep losses.
@TedPillows said several treasury-linked entities are in “free fall,” warning that a deeper decline could trigger forced selling of SOL. The liquidity stress among these firms could exert downward pressure if the broader market weakens further.
The sharp drop in treasury asset values has fueled fears of a cascading liquidation event. Some market observers believe that treasury unwinds 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 stood at $5.96 billion, showing active participation despite price weakness. Traders are closely watching whether ETF inflows can absorb any potential selling from struggling treasury accounts.
