Solana-based spot ETFs have seen their strongest period of net capital inflows since February, attracting more than $39 million in new funds over the past week. During the same time, open interest in Solana futures also rose, indicating that both traditional and crypto investors are increasingly positioning themselves around Solana’s upward momentum.
Rising ETF interest fuels SOL price
One of the standout developments in the market is growing institutional demand for spot Solana ETFs. Analysts say that the consistent flow of new investments into these ETFs has contributed to a more favorable outlook among large investors. Last week alone, the Bitwise-managed BSOL ETF attracted $36 million in fresh capital, while Fidelity’s FSOL ETF added over $1.8 million in new assets.
Since its launch, the BSOL ETF has pulled in over $861 million, accounting for more than 81% of total spot Solana ETF inflows on the market. In total, capital flowing into spot SOL ETFs has reached $1.06 billion. Meanwhile, Solana futures open interest jumped from $4.94 billion to $6.4 billion, underlining growing activity in derivatives.
According to CryptoAppsy, Solana’s native token SOL has gained nearly 15% over the past seven days, rising to $97. The combination of robust ETF inflows, increased bullish positions in derivatives markets, and improvement in technical indicators has been credited for strengthening price action.
Analyst opinions suggest that ongoing ETF inflows and higher futures volumes point to a growing long-term preference for Solana among investors.
In the past five days, the gap between spot buying and selling volume rose from approximately $163 million to $250 million. On the futures side, this gap climbed to $593.6 million since May 5. The funding rate has remained positive at around 0.065%, signaling that leveraged long positions are still prevalent among traders.
Technical indicators point to $120
Technical analysts note the emergence of a ‘double bottom’ pattern on higher timeframe charts for SOL. This pattern is commonly interpreted as a strong sign of recovery after prolonged declines. A sustained breakout could push the price target toward the $120 range, according to analysts.
In recent days, Solana also broke above its 100-day exponential moving average for the first time since October 2025, a milestone seen as potentially reviving buying interest based on improving technical signals across the market.
Experts highlight that there is little resistance in the $95 to $120 price band. Should buying momentum persist, SOL’s price action could accelerate further. However, trading activity in spot markets leveled off in the last 24 hours, as market participants appear to be awaiting clearer confirmation before initiating new rallies.
Strengthening against Bitcoin and key support zones
Some market watchers point out that Solana’s recent gains against Bitcoin could drive further price appreciation. Crypto analyst BATMAN emphasizes that a 231-day downtrend in the SOL/BTC chart has now ended, marking a significant improvement in Solana’s relative strength.
Should Solana experience a short-term pullback, the $89–$91 region is highlighted as the nearest support zone. As long as the price holds above this area, the bullish outlook is likely to remain intact. In addition, the heightened institutional interest through ETFs is now seen as a major support factor in Solana’s market structure.
