Solana (SOL) exchange-traded funds (ETFs) saw a seven-day streak of inflows, despite the drop in SOL prices and the broader crypto market decline.
Tuesday marked the biggest inflow day in a seven-day streak, with about $16.6 million in capital flowing into SOL ETFs, according to data from the investment management company Farside Investors.
That brings total net inflows into SOL ETFs to $674 million at the time of writing, Farside data shows.
SOL ETFs debuted in the U.S. in July, with the launch of REX-Osprey’s invested SOL ETF followed by investment firm Bitwise’s BSOL Solana ETF in October, which was one of the hottest ETF launches of 2025, Bloomberg ETF analyst James Seyffart he said.
ETF flows signal institutional and traditional financial investor interest in SOL, even as the price and onchain metrics such as total value locked, the amount of capital held in the protocol’s smart contracts, decline during the ongoing market downturn.
Related: Solana onchain flows mark a significant change in supply as SOL trades near key support
SOL is still struggling and trading at a deep discount to its all-time high
Solana’s market capitalization has fallen by more than 2% in the past seven days, according to the crypto market analysis platform Nansen.
Open interest for SOL perpetual futures, which are futures contracts that have no expiration date, is more than $447 million at the time of writing, Nansen data shows.
The price of SOL has fallen by almost 55% from the record high of around $295 reached in January, boosted by the launch of the Trump memecoin on the Solana network.
The token has been trading well below its 365-day moving average, a critical support level, since November, and is down about 47% from a local high of around $253 recorded in September.
SOL also faces resistance between $140-145 and failed to close above those levels in December, despite the launch of SOL ETFs in the US and growing interest in online capital markets from crypto industry executives and US regulators.
“America’s financial markets are poised to go on the chain,” Paul Atkins, Chairman of the Securities and Exchange Commission (SEC) he said on Thursday.
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