Solana ETF inflows climbed to their strongest weekly print since February, pulling in $39.23 million as SOL futures open interest jumped nearly 30%. The spot products tracked rising derivatives positioning as SOL rallied 15% to $97 in seven sessions. Traders are pencilling in $120 as the next resistance level.
Bitwise‘s BSOL vehicle led the inflow wave with $36 million. Fidelity‘s FSOL added $1.8 million. Since launch, BSOL has attracted $861 million, accounting for roughly 81% of cumulative flows across all spot SOL ETFs. The Solana ETF inflows now total roughly $1.06 billion across all spot products.
Solana ETF inflows track futures positioning
Open interest in SOL futures climbed to $6.4 billion from $4.94 billion on 1 May. That marks a 29.5% increase in under two weeks. The rise in Solana ETF inflows coincided with SOL rallying 15% to $97 over the past week, with the funding rate holding near 0.065%. Traders continued paying to maintain long exposure.
Aggregated spot cumulative volume delta rose to nearly $250 million from $163 million in five days during SOL’s push toward $96. Cumulative volume delta measures the net difference between market buy and sell orders. Futures CVD expanded to roughly $593.6 million after rising steadily from 5 May onward. Buyers absorbed sell-side liquidity in both spot and derivatives markets.
| Metric | Latest | Prior | Change |
|---|---|---|---|
| SOL Price | $97 | $84 | +15% |
| Open Interest | $6.4bn | $4.94bn | +29.5% |
| Spot CVD | $250m | $163m | +53% |
| Funding Rate | 0.065% | – | – |
The buying activity has started to flatten near the $95 to $96 range. Spot and volume deltas have cooled over the past 24 hours. Solana ETF inflows from Bitwise’s BSOL vehicle led the week, but the pace of capital deployment has slowed as price consolidated near resistance.
Technical setup eyes $120 target
Solana is forming an Adam and Eve pattern near the $95 resistance level. The setup’s neckline sits directly at the current breakout zone. A confirmed move above that level places the technical target near $120. An Adam and Eve pattern on the higher timeframe chart could signal a bottom for SOL if price successfully turns the $95 resistance level into support.
SOL pushed above its 100-day exponential moving average for the first time since October. The move adds another technical shift alongside ETF inflows and rising futures positioning. A confirmed daily close and consolidation above $95 could open the path toward the pattern’s projected target near $120. There is a lack of resistance between the two levels after the 42% dip in February.
One crypto analyst noted that Solana recently broke above a 231-day downtrend on the SOL/BTC daily chart. The $89 to $91 zone now acts as the nearest support cluster and a likely retest region if SOL holds above the breakout area. The London Stock Exchange has listed several crypto-related exchange-traded products this year, though none directly tied to Solana. The Bank for International Settlements has flagged rising retail participation in crypto derivatives as a structural shift in digital asset markets.
The funding rate remained elevated through the rally. That suggests long positions accumulated without significant deleveraging. CME Group does not currently list SOL futures, leaving the bulk of derivatives activity concentrated on offshore venues. The absence of regulated futures products in major jurisdictions has kept institutional participation constrained compared to Bitcoin and Ethereum.
Next catalyst: the $95 resistance hold. If it flips to support, the path to $120 opens. Break it, and the $89 to $91 cluster comes back into play.
This article is for information purposes only and does not constitute investment advice. Readers should not act on any information contained here without first consulting an authorised financial adviser. Past performance is not a reliable indicator of future results.
