Solana ($SOL ) $ETH extended their momentum on Thursday, securing their 13th straight day of inflows, a sign that institutional confidence in the Solana ecosystem remains intact.
According to SoSoValue, sol ETFs added $1.49 million, pushing total cumulative inflows to $370 million, while overall assets crossed $533 million.
However, Thursday marked the weakest inflow session since Solana $ETH trading began on Oct. 28, with only the Bitwise Solana ETF (BSOL) recording positive flows. The slowdown comes as global crypto markets face heavy selling pressure.
Wider Market Turns Red
Spot Bitcoin ETFs witnessed a massive $866 million in outflows, the second-worst day since launch. Ether ETFs also struggled, losing $259.2 million, cutting cumulative inflows to $13.3 billion.
This broad ETF weakness reflects growing investor caution.
SOL Price Breaks Long-Term Trend
Despite strong ETF demand, Solana’s price dropped sharply, losing 34% in just two weeks and touching $142, its lowest level since June 23.
The fall pushed SOL below its 100-week SMA, officially breaking its multi-year uptrend that started in January 2023.
Analysts now eye $95 — the yearly low — as the next major support zone, unless buyers return with strong volume.
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