Solana ETFs Remain Attractive Amidst Price Drop, But Is the Trend Sustainable?

Despite Solana’s (SOL) significant price decline of nearly 30% from $186 to $130, investment in spot-based Exchange Traded Funds (ETFs) for SOL continues to show strong growth. Over the past 17 days, these ETFs have attracted an impressive $476 million in net inflows, demonstrating ongoing investor interest despite market uncertainty. The Bitwise BSOL ETF remains a dominant force in this space, accounting for over 89% of total cumulative inflows and boasting $424 million in assets under management (AUM), highlighting the fund’s role in driving demand.