TLDR:
- Solana ETFs collected $567 million in 20 straight days of positive inflows across all major issuers
- SOL is trading at $136 with critical support at $120 which will determine if the price declines towards the $70 target
- Bitwise led the inflows with $39.5 million on November 24 as institutional demand shows no outflow days
- Technical bearish signals clash with forecast of 10% upside to $151 by end-December 2025
Solana exchange-traded funds have recorded 20 consecutive days of net inflows, amassing $567 million in total institutional capital. This streak marks the longest continuous purchasing period since the products launched earlier this year.
At publication, SOL is trading at $136.02 with $5.5 billion in 24-hour volume, up 5.38% per day but down 1.16% per week. Technical analysts warn that failure to hold at $120 could cause a drop to $70.
Demand for Solana ETFs shows no signs of slowing down
The last trading session brought in $57 million in fresh capital from four major issuers.
Bitwise led with $39.5 million, followed by Fidelity with $9.7 million. Grayscale added $4.7 million, while VanEck contributed $3.1 million to the daily total.
No fund recorded outflows on November 24, continuing a pattern that began in early November. The continued buying pressure comes as broader crypto markets benefit from expectations from the Federal Reserve to cut interest rates.
Institutional appetite appears resilient, despite technical warnings about price stability.
CryptosRus highlighted the significance of the uninterrupted inflow pattern in a November 24 post. The data suggests continued conviction among fund buyers rather than speculative positioning. Daily totals varied but remained positive throughout the period.
The cumulative figure of $567 million represents a significant commitment to exposure to Solana through regulated products.
Traditional financial investors continue to allocate to the blockchain platform through these vehicles. Fund flows generally indicate longer-term positioning compared to spot market activity.
SOL price action tests critical support zone
Technical analysis from Ali Charts identifies $120 as a crucial support level for SOL.
A breakdown below this threshold could accelerate selling towards $70, according to perpetuals chart data. The warning appeared on November 25 as traders debated the strength of the current price level.
SOL has risen above the USD 130 to USD 138 range after the technical alert.
The 5% daily gain reflects broader market momentum and optimism about rate cuts. However, the recovery has not allayed concerns about downside vulnerability.
Currency codex predictions SOL reached $151.39 on December 25, marking a 10.09% gain from current levels. The prediction platform expects the highest price of $138.26 within five days.
Technical indicators are currently showing bearish sentiment with a Fear and Greed Index of 20, indicating extreme fear.
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