Solana’s spot ETFs continue their strong runrecording net inflows of $6.8 million on November 10, according to data from Farside Investors.
Source: Farside Investors
The Bitwise Solana ETF [BSOL] led with $5.9 million, while the Grayscale Solana ETF [GSOL] Added $0.9 million. This is Solana’s second straight week of steady inflows, bringing its total since launch to $343 million.
Bitcoin and Ethereum products, on the other hand limited activity seen.
Derivatives remain stable
Solana derivatives data showed stable and balanced sentiment despite strong ETF inflows.
Source: Coinalyse
OI was hovering around $3.4 billion at the time of writing, so traders maintained consistent exposure without significant liquidations or new leverage. Meanwhile, financing rates averaged -0.0009, a slight bearish bias but no aggressive shorting activity.
Perhaps Solana’s recent strength is driven more by spot demand and ETF activity than speculative futures trading. This is a healthy design, which also shows the maturity of the market.
SOL encounters resistance
Solana was trading at $163 at the time of writing. The SOL fell 2.3% last day, with visible weakness on the daily chart.
Source: TradingView
The RSI showed limited purchasing power despite strong ETF inflows. The CMF at 0.00 means a neutral capital movement, so the inflow has not yet translated into strong demand on the spot market.
Price action showed consolidation after repeated rejections around $170, so there is resistance in that zone. If SOL fails to hold above $160, a retest of the $150 level seems likely before another recovery attempt.
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