Seven Straight Days of Inflows Signal Growing Institutional Interest
Solana’s new U.S. spot ETFs are off to a strong start. Since launching in late November 2025,
these funds have pulled in money for seven trading days in a row—$674 million in total.
That’s a notable figure, especially when you consider that some early Bitcoin ETFs didn’t see
this kind of momentum right out of the gate.
Bitwise is leading the pack by a wide margin, bringing in $608.81 million. Grayscale
and Fidelity are also in the mix with $97.74 million and $54.8 million,
respectively. What makes this interesting is that SOL’s price has actually dipped about 2%
during this same week. That tells you something: big players are quietly accumulating through
regulated ETF channels rather than jumping into the open market where retail traders dominate.
We’ve seen this pattern before. Bitcoin went through something similar in 2023, where steady
ETF buying eventually triggered a major price surge. For Solana, the key level everyone’s
watching is $180. The token has been bumping up against that ceiling for two months
now, and analysts think the ETF money could be the push it needs to finally break through.
The Technical Setup: Coiling Beneath Resistance
If you look at the charts, SOL is doing what traders call “accumulating.” It’s been bouncing
around in a range between $120 and $135 for weeks now, testing the bottom of that
zone and snapping back each time. That kind of behavior usually means sellers are running out
of steam while long-term holders are adding to their positions on the dips.
The daily momentum indicators are showing signs of life too. After spending most of November
in oversold territory, they’ve stabilized and are starting to hint at a turnaround. Nothing
dramatic yet, but the downward pressure is clearly fading.
Why $180 Is the Number to Watch
The $180 mark isn’t arbitrary. It lines up with a swing high from May 2025 and sits
right at a descending trendline that’s been calling the shots since fall. If SOL can close
above that level, most momentum models would flag it as a genuine trend reversal—potentially
opening the door to $210–$215, where there’s a supply zone left over from last
spring’s selling activity.
On the flip side, if $180 holds as resistance again, we could see SOL drift back down to test
support in the mid-$120s. So it’s a pivotal moment either way.
Wall Street’s Bigger Vision for Solana
Beyond the ETF excitement, there’s a broader story developing around Solana in traditional
finance circles. At December’s Breakpoint conference, Marc Antonio from Galaxy Digital made a
bold case: Solana is the only public blockchain right now that can actually handle tokenized
stocks and real-world assets at the scale major exchanges require.
He painted a picture where Solana becomes so liquid and cost-efficient that buying a
Nasdaq-listed stock on the blockchain becomes cheaper and faster than using Nasdaq itself.
That kind of talk resonates with what BlackRock’s Larry Fink has been saying about tokenized
markets for months now, and it helps explain why asset managers are so eager to get Solana
ETFs up and running.
If Solana can actually deliver on this infrastructure promise throughout 2026—integrating with
real capital markets—then the current ETF flows might just be the opening act. In that
scenario, $180 wouldn’t be the final destination. It would just be the first
checkpoint on a much longer journey.
