TLDR
- Solana ETFs pulled in $188.21 million between September 21–25, 2026, the largest weekly inflow since launch.
- Bitwise’s BSOL fund led with $128.46 million, taking 68% of the week’s total inflows.
- SOL trades at $121.69, up 0.23%, after breaking above the $94.85 resistance level.
- Solana’s DeFi TVL grew from $4.7 billion in early August to $6.7 billion by late September.
- Open interest on SOL derivatives has climbed to roughly $7.5 billion, with volume above $12 billion.
Solana ETFs recorded their strongest week since they launched last year. Between September 21 and September 25, 2026, the funds pulled in a combined $188.21 million.
US Solana ETFs post $188M in weekly inflows, the biggest week since launch. pic.twitter.com/Psba4s3JLR
— Solana (@solana) September 27, 2026
The gains came from all seven Solana ETFs, which each posted positive inflows during the five-day stretch. Friday alone brought in $86.67 million, pushing the week to a new record.
Bitwise held onto its lead in the Solana ETF space. The Bitwise Solana Staking ETF (BSOL) attracted $128.46 million over the week, making up 68% of all inflows.
Grayscale came in second. Its Solana products brought in $28.06 million during the same five-day period.
Analyst Lana Valentis pointed to the inflow streak as part of a broader pattern. She noted that Solana ETFs have now posted 13 straight weeks of inflows, and said stablecoin supply on the network reached a new all-time high of $17.3 billion. She described SOL as forming a rounding bottom on the daily chart, with target levels at $200, $250, $500, and $1,000.
$SOL The Chart Is Curving Up. The Money Is Flowing In 💸
Solana is forming a rounding bottom on the daily timeframe, quietly preparing for a massive bullish expansion.
– Stablecoin supply reached a new ATH of $17.3 billion.
– ETFs have posted 13 straight weeks of inflows.
– The… pic.twitter.com/ZgCvvFXo6d— Lana Valentis (@LanaValentis) September 27, 2026
Price Holds Above Key Support
SOL is trading at $121.69, a 0.23% gain from the prior day. The token touched an intraday high of $124.95.
The price climbed after breaking above $94.85, a level that had capped gains earlier in September. SOL moved from below $100 to above $120 during that stretch.
A support level sits at $73.62. Analysts watching the chart say holding above $120 keeps the current bullish structure intact, while a drop below $94.85 would weaken it.
Momentum indicators on TradingView show the RSI at 68.44, above its moving average of 62.91. That reading sits just under the 70 mark that typically signals overbought conditions.
The MACD line reads 6.40, above the signal line at 5.36, with a histogram of 1.04. That combination points to continued buying pressure.
DeFi And Derivatives Activity Rise
Solana’s DeFi ecosystem has also expanded. Total value locked grew from about $4.7 billion in early August to $6.7 billion by the end of September, according to DeFiLlama data.
DEX volume, active addresses, and transaction counts have all stayed elevated through September as well.
Derivatives data from CoinGlass shows open interest near $7.5 billion, with trading volume above $12 billion. Rising open interest alongside rising prices suggests more leveraged positions are being opened as SOL climbs.
On-chain tracker Lookonchain flagged one such position. A trader opened a 20x long of 550,087 SOL, worth $67.88 million, about a month ago. Lookonchain noted the position now shows an unrealized profit of more than $23 million, with a take-profit target set at $200: “If $SOL reaches $200, he could make over $65M in profit!”
Trader 0x9c6a opened a 20x long on 550,087 $SOL ($67.88M) a month ago and is now sitting on an unrealized profit of over $23M!
He has also set take-profit orders at $200.
If $SOL reaches $200, he could make over $65M in profit!https://t.co/Tk3TFVqa7j pic.twitter.com/23jjwWP1J0
— Lookonchain (@lookonchain) September 27, 2026
The next level traders are watching is $124.95, the current intraday high. A move above that price would extend the uptrend already in place. A drop back through $120 would shift focus toward the $94.85 support level.