Solana exchange-traded funds have recorded 20 consecutive days of net inflows, amassing $567 million in total institutional capital. The streak marks the longest uninterrupted buying period since the products launched earlier this year.
At publication, SOL trades at $136.02 with $5.5 billion in 24-hour volume, up 5.38% daily but down 1.16% weekly. Technical analysts warn that failure to hold $120 could trigger a drop toward $70.
Solana price on CoinGecko
The latest trading session brought $57 million in fresh capital across four major issuers.
Bitwise led with $39.5 million, followed by Fidelity at $9.7 million. Grayscale added $4.7 million while VanEck contributed $3.1 million to the daily total.
No single fund recorded outflows on November 24, extending a pattern that began in early November. The consistent buying pressure comes as broader crypto markets benefit from Federal Reserve rate cut expectations.
Source: CryptoRUs/X
Institutional appetite appears resilient despite technical warnings about price stability.
CryptosRus highlighted the significance of the unbroken inflow pattern in a November 24 post. The data suggests sustained conviction among fund buyers rather than speculative positioning. Daily totals have varied but remained positive throughout the entire period.
The $567 million cumulative figure represents a substantial commitment to Solana exposure through regulated products.
Traditional finance investors continue allocating to the blockchain platform through these vehicles. Fund flows typically signal longer-term positioning compared to spot market activity.
Technical analysis from Ali Charts identifies $120 as a pivotal support level for SOL.
A breakdown below this threshold could accelerate selling toward $70, according to perpetuals chart data. The warning emerged on November 25 as traders debated the strength of current price levels.
SOL has bounced above the $130 to $138 range following the technical alert.
The 5% daily gain reflects broader market momentum and rate cut optimism. However, the rebound has not eliminated concerns about downside vulnerability.
Coin Codex forecasts SOL reaching $151.39 by December 25, representing a 10.09% gain from current levels. The prediction platform expects the highest price of $138.26 within five days.
Technical indicators currently show bearish sentiment with a Fear and Greed Index reading of 20, indicating extreme fear.
The post Solana ETF Inflows Hit $567M as 20-Day Streak Continues: SOL Price Tests $130-$138 Range appeared first on Blockonomi.


