Solana ETFs Receive Steady $476 Million Inflow Amidst Selling Pressure

Despite a period of selling pressure, Solana-based exchange-traded funds (ETFs) continue to attract significant interest from institutional investors. A recent influx of $476 million in net demand represents an impressive 17 consecutive days of inflows, signaling robust confidence in the Solana ecosystem. This sustained momentum is attributed to Solana’s growing DeFi presence, low transaction fees, and rising developer activity. While this strong ETF performance serves as a positive indicator for long-term growth prospects, technical indicators suggest some resistance near $140 may hinder further gains.