Solana ETFs Log 11 Straight Days of Inflows, Technical Levels in Focus
Solana exchange-traded funds have posted 11 straight days of net positive inflows as of Nov. 12, highlighting renewed institutional appetite for SOL even while on-chain metrics remain weak. ETF purchases provide a regulated, liquid path for large investors and can prop up price action independently of developer activity or user growth, creating a notable divergence between capital flows and network fundamentals.
From a technical standpoint, market watchers say maintaining support above $150 is critical. A sustained hold and subsequent break above $164 could trigger a bullish reversal toward $187 and beyond, while a failure to hold $150 would increase downside risk. Traders should monitor continued ETF flow data alongside on-chain indicators for confirmation, since product-level demand is currently a primary driver of sentiment and market structure.