In a noteworthy display of institutional confidence, Solana (SOL) spot exchange-traded funds (ETFs) have received approximately $1 billion in inflows since their launch on October 28, 2025. Since the end of November, these innovative financial products have recorded a streak of seven consecutive trading days of net inflows, accumulating a total of $674 million.
Leading the charge for Solana ETFs is Bitwise, which has garnered an impressive $608.81 million in inflows, outpacing its competitors significantly. Grayscale follows suit with $97.74 million, while Fidelity has captured $54.8 million of net inflows, showcasing a diverse range of institutional interest.
The strong reception of these ETFs has propelled total assets under management (AUM) for Solana ETFs to reach between $907 million and $1 billion. This remarkable growth reflects the increasingly favorable environment for Solana in the realm of digital assets.
Currently, SOL is trading around $131, despite a minor decline of 2% over the past week. However, the cryptocurrency is situated in a well-defined trading zone, oscillating between $120 and $135. Analysts are closely monitoring this accumulation zone, as it has proven resilient against several selling pressures.
Technical Indicators Suggest a Potential Reversal
Technical analysis indicates that Solana is currently trading below a descending long-term trendline, with the crucial psychological resistance resting at the $180 mark—an obstacle that has stymied price action for two months. A breakout above this level could signal the start of a bullish thrust, with projections seeing potential targets of $210 if bullish momentum carries through.
The Relative Strength Index (RSI) has stabilized in the low-40s after an extended bear trend, hinting at the possibility of a reversal. Current market sentiment reflects a growing optimism, indicated by a long-to-short ratio of 1.07 for Solana, marking the highest level in over a month. A ratio above one suggests that more traders are betting on price increases rather than declines, adding to the positive sentiment surrounding SOL.
I am expecting a breakout before the 27th of December for $SOL
Are you ready? pic.twitter.com/hQFOautQPK— Don (@DonWedge) December 13, 2025
If SOL manages to break out of the current patterns, it may establish new resistance levels at $160 and potentially move towards $210 in the longer term.
Interestingly, this surge in institutional buying through ETFs contrasts sharply with the recent price weakness. This divergence suggests that larger investors are purchasing SOL during dips rather than offloading their holdings, a promising sign for the assets’ long-term viability.
Discussions at the recent Solana Breakpoint conference further emphasized the blockchain’s potential role in reimagining traditional finance. Key insights from Galaxy Digital’s Marc Antonio pointed to Solana’s capability to support tokenized assets at a scale appealing to Wall Street. The ambitious outlook envisions Solana delivering better pricing than conventional markets such as Nasdaq, incentivizing traders to transact on its blockchain.
Nevertheless, should SOL falter at its current levels, the next support is seen at $121.66, corresponding to a low recorded on November 21. For a sustained upward trajectory, the RSI would need to traverse above the neutral 50 level.
