Solana ETFs Post Best Session Since Mid-January

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4 hours ago

U.S. spot Solana ETFs recorded their strongest performance in nearly a month on February 10, according to SoSoValue data.


Solana ETFs broke a two-day outflow streak, notching $8.43 million in net inflows on Tuesday—their highest daily volume since January 15, when they drew in $8.94 million. The inflows defy a brutal 24-hour sell-off that saw Solana’s price slip another 3.8%, according to CoinGecko data.


The session was dominated by Bitwise’s BSOL, which captured $7.70 million in new capital, followed by Fidelity’s FSOL with $732,040 in inflows. Other major sponsors, including Grayscale, VanEck, and 21Shares, saw flat or negligible movement for the day.


With the latest injection of capital, spot Solana ETFs now hold a total of $700.21 million in assets under management. It now represents roughly 1.49% of Solana’s total $46.3 billion market cap.


While Solana’s daily inflows were modest compared to the $166 million flowing into Bitcoin ETFs and $13.82 million for Ethereum, the asset managed to outpace the $3.26 million recorded by XRP ETFs during the same period.


The sophisticated investors’ buy signal has done little to plug the Solana price tailspin. It is currently trading at $81.33, reflecting a 15.5% drop over the past week and a 42% decline over the past month. Earlier this month, international bank Standard Chartered slashed its 2026 Solana price forecast to $250 from $310, while raising its long-term forecast to $2,000 by the end of 2030.


The downtrending price action has left market participants deeply pessimistic.


Data from Myriad, a prediction market owned by Decrypt’s parent company Dastan, show that users now assign a 65.4% probability that Solana's next major move will be a dump to $40, versus a rally to $160. Myriad users also place just a 9.1% chance on Solana achieving a new all-time high before July.





This divergence is likely due to the fear that pervades the broader crypto market after Bitcoin's sustained drop, which has triggered multiple liquidation events exceeding $1 billion in recent weeks.


Furthermore, the outlook remains uncertain due to the developing macroeconomic and geopolitical conditions, as noted in a previous Decrypt report. These headwinds have weighed on U.S. stock markets, while safe-haven asset gold continues to hold steady after last week's pullback.


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