Solana ETF attracts capital back despite SOL price weakness

TapChiBitcoin
SOL4,78%
BTC2,13%
ETH3,62%
SHIB1,06%

Solana ETFs recorded inflows of $6.7 million, bringing total assets under management to $689.8 million, according to data from Farside Investors. The list includes funds from Bitwise, VanEck, Fidelity, 21Shares, Franklin, and Grayscale.

Even so, the price of SOL is still under pressure, falling 3.6% in 24 hours to about $122.7 and about 5.6% lower than the previous month. The Solana ETF will start trading in the US from the end of 2025, and the fund’s capital flows are usually slower to react to spot price movements.

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Compared to Bitcoin and Ethereum, Solana ETF investors are more stable in the face of macro volatility. Last week, BTC and ETH funds had a total net withdrawal of $1.6 billion, while the Solana fund still had a net withdrawal of $17 million, according to CoinShares. This week alone, SOL funds recorded more than $11 million in net inflows.

However, the market sentiment with SOL remains cautious. Meanwhile, spot silver prices rose sharply, rising 2.6% on the day to $120.35 per ounce and jumping 23.8% in a week, leading many traders to assess that the precious metal is likely to rise stronger than SOL in the short term.

On-chain data also shows that altcoins in general still have a high level of participation. According to CryptoQuant, altcoin deposits have risen to multi-month highs, with prominent activity in tokens such as LINK, SHIB, AXS, AAVE, and UNI — suggesting that cash flows remain positive in the segment despite price volatility.

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