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Solana News Update: Institutions Invest $370 Million in Solana ETFs Amid 5-Month Price Slump

Solana News Update: Institutions Invest $370 Million in Solana ETFs Amid 5-Month Price Slump

Bitget-RWA2025/11/14 22:58
By:Bitget-RWA

- Solana ETFs (BSOL/GSOL) gained $370M in inflows despite SOL hitting 5-month lows amid broader crypto declines. - Contrasts Bitcoin/ETH ETF outflows ($870M BTC exodus) as institutional demand for Solana remains strong. - Technical indicators signal potential $100 support break, but ETF inflows persist with NYSE options boosting participation. - Market divides: $150 resistance vs. $142 support levels, with RSI near oversold but bullish divergence emerging.

Solana ETF Investments Climb Even as

Falls Below Key Support

Solana (SOL) is under sustained selling pressure, hovering near its lowest point in five months as the wider crypto market struggles after Bitcoin (BTC) slipped under $100,000. Yet,

, consistently attracting new capital despite ongoing technical and on-chain headwinds. Since launching on October 28, these ETFs have seen a total of $370 million in inflows, with Bitwise's BSOL and Grayscale's GSOL . This stands in stark contrast to and ETFs, which have experienced notable withdrawals, —marking the second-largest single-day withdrawal ever recorded.

This disconnect between ETF inflows and price movement has fueled discussion among market observers. While institutional interest in

remains strong, signals from retail traders and technical charts point to the possibility of a deeper pullback. dropped 3.34% in the past day to $7.35 billion, suggesting less leverage and more long positions being closed. On-chain data further highlights the vulnerability at current prices: shows little historical buying below $144, with scant support until prices approach $24.

Solana News Update: Institutions Invest $370 Million in Solana ETFs Amid 5-Month Price Slump image 0
Technical experts caution that if Solana fails to hold above critical support, it could quickly fall toward the $100 psychological threshold. and broken a multi-year uptrend that began in early 2023. There is now a risk of a death cross—when the 50-day exponential moving average (EMA) dips under the 200-day EMA— . At the same time, the relative strength index (RSI) is near oversold at 31, but a bullish divergence has appeared as prices reach new lows without the RSI following suit .

Despite these challenges, institutional investors seem unfazed.

, ETF inflows have persisted for 13 straight days. On November 12, Bitwise's BSOL drew $12.46 million, and Grayscale's GSOL brought in $5.59 million . The recent introduction of options trading for Solana ETFs on the New York Stock Exchange has further increased institutional engagement, .

Opinions remain split on Solana's short-term outlook. Some view the steady ETF inflows as a sign to buy, while others warn that weak on-chain data and overall market instability could extend the decline. Should Solana maintain levels above $150, it could challenge resistance at $173, but

toward the $100 mark.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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