Solana ETFs Draw in $23.6M, Hitting a Four-Week High
U.S. spot Solana ETFs recorded $23.57 million in inflows on Wednesday, the highest in four weeks, reflecting improved investor sentiment alongside Bitcoin's surge near $97,000. Solana’s price holds around $145, up 8% over the past week. Analysts suggest this ETF demand may provide short-term momentum and signal growing institutional confidence in Solana’s ecosystem, citing its scalability and real-world applications. However, overall market outlook for major altcoins like Solana remains subdued, with pronounced rallies mostly limited to niches such as privacy coins and meme tokens. Current Solana ETF assets and trading volume remain a small fraction of SOL’s total market, limiting the impact on price trends. Prediction markets place only a 17% probability on a broad altcoin rally beginning in early 2026. Despite network-wide declines in trading volume, activity, and revenue, specific Solana-based applications are growing rapidly—nine of the fastest-growing startups use Solana, and meme platform Pump.fun has seen a spike in activity. Some analysts argue this lag may reflect temporary volatility and foreshadow future growth potential.
