Solana ETF Hits Record $39.5M Inflow as SOL Rebounds

Bitwise Asset Management recorded a historic $39.5 million single-day inflow into its Solana ETF, the largest since the product launched, reflecting a clear shift in institutional portfolios toward high-utility blockchain assets. This milestone demonstrates that institutional investors are increasingly viewing Solana as a preferred choice beyond Bitcoin and Ethereum, prioritizing networks that demonstrate real-world functionality and measurable usage.

The surge in ETF interest comes against a backdrop of significant market volatility, with recent weeks seeing nearly $1.94 billion in total outflows across crypto investment products – one of the largest downturns since 2018. Yet Solana’s performance indicates institutions are not withdrawing from the market entirely but rather reallocating capital toward networks with long-term growth potential. This selective investment approach highlights Solana’s growing appeal among sophisticated investors seeking exposure to blockchain infrastructure with proven utility.

After dropping to $121.50 on Friday, Solana rebounded sharply to reclaim the $135–$140 range, marking a 14% recovery that demonstrates the asset’s underlying strength. Despite experiencing a 30% decline over the last month, SOL has shown notable resilience by holding above the crucial $125–$130 support band, which analysts describe as the foundation of Solana’s current market structure.

Derivatives markets, however, still reflect caution among traders. Negative funding rates and declining open interest indicate that market participants remain defensive, with sentiment yet to fully align with the positive ETF inflows. This divergence between institutional action and trader sentiment creates an interesting dynamic that could fuel further price movement as positions adjust to the new institutional reality.

While price action and derivatives tell one story, on-chain activity paints a more optimistic picture for Solana’s fundamentals. The network leads all major blockchains in active addresses and daily transactions, with user activity increasing 13% over the past month – a stark contrast to Ethereum’s 15% decline during the same period. This robust network usage underscores Solana’s reputation for speed, scalability, and active ecosystem development.

The combination of strong ETF demand and robust network fundamentals suggests Solana could be positioned for a broader recovery, provided it maintains the critical $125 support level. Analysts point to $163, $170, and eventually $195–$243 as potential upside targets if buyers continue to absorb selling pressure and the current institutional momentum persists.

While macro uncertainty and recent market outflows still pose risks, Solana’s ability to withstand significant volatility while attracting record institutional capital signals enduring confidence in its long-term value proposition. The network’s performance during a period of broad crypto market stress reinforces its position as one of the most resilient high-utility blockchains in 2025.

If current momentum holds, Solana may soon challenge higher resistance zones, backed by both institutional capital flows and strong fundamental metrics. The junction of ETF strength and on-chain utility creates a compelling narrative for Solana’s next move, potentially setting the stage for a sustained recovery that could see the asset testing key resistance levels in the coming weeks.