Solana's newly launched ETFs continued to attract heavy inflows, but a weakening market structure threatens a deeper correction to $120 for SOL price.
Spot SOL exchange-traded funds (ETFs) have continued to attract capital despite the coin’s steep price drawdown. Since launch, the products have accumulated $476 million in net inflows, with the streak extending 17 consecutive days, even as SOL’s (SOL) price plunged nearly 30% to $130 from $186.
Key takeaways:
Spot SOL ETFs posted 17 straight days of inflows, with Bitwise’s BSOL representing 89% of the total value.
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