TLDR:
- Solana ETFs accumulated $567M through 20 straight days of positive inflows across all major issuers
- SOL trades at $136 with critical $120 support determining whether price drops toward $70 target
- Bitwise led November 24 inflows with $39.5M as institutional demand shows no outflow days
- Technical bearish signals clash with 10% upside forecast to $151 by late December 2025
Solana exchange-traded funds have recorded 20 consecutive days of net inflows, amassing $567 million in total institutional capital. The streak marks the longest uninterrupted buying period since the products launched earlier this year.
At publication, SOL trades at $136.02 with $5.5 billion in 24-hour volume, up 5.38% daily but down 1.16% weekly. Technical analysts warn that failure to hold $120 could trigger a drop toward $70.
Solana ETF Demand Shows No Signs of Slowing
The latest trading session brought $57 million in fresh capital across four major issuers.
Bitwise led with $39.5 million, followed by Fidelity at $9.7 million. Grayscale added $4.7 million while VanEck contributed $3.1 million to the daily total.
No single fund recorded outflows on November 24, extending a pattern that began in early November. The consistent buying pressure comes as broader crypto markets benefit from Federal Reserve rate cut expectations.
Institutional appetite appears resilient despite technical warnings about price stability.
CryptosRus highlighted the significance of the unbroken inflow pattern in a November 24 post. The data suggests sustained conviction among fund buyers rather than speculative positioning. Daily totals have varied but remained positive throughout the entire period.
The $567 million cumulative figure represents a substantial commitment to Solana exposure through regulated products.
Traditional finance investors continue allocating to the blockchain platform through these vehicles. Fund flows typically signal longer-term positioning compared to spot market activity.
SOL Price Action Tests Critical Support Zone
Technical analysis from Ali Charts identifies $120 as a pivotal support level for SOL.
A breakdown below this threshold could accelerate selling toward $70, according to perpetuals chart data. The warning emerged on November 25 as traders debated the strength of current price levels.
SOL has bounced above the $130 to $138 range following the technical alert.
The 5% daily gain reflects broader market momentum and rate cut optimism. However, the rebound has not eliminated concerns about downside vulnerability.
Coin Codex forecasts SOL reaching $151.39 by December 25, representing a 10.09% gain from current levels. The prediction platform expects the highest price of $138.26 within five days.
Technical indicators currently show bearish sentiment with a Fear and Greed Index reading of 20, indicating extreme fear.
