Spot Solana ETFs posted another week of fresh inflows. Bitwise’s BSOL ETF brought in $36 million last week, while Fidelity’s FSOL ETF added more than $1.8 million, taking total weekly inflows for spot Solana ETFs to $39 million. Over the same seven-day period, SOL climbed nearly 15% and reached $97.
BSOL continues to dominate spot Solana ETF inflows
Since launch, BSOL has attracted more than $861 million, accounting for over 81% of all inflows into spot Solana ETFs. Total capital entering spot SOL ETFs has now reached $1.06 billion. That steady stream of institutional money has become a major factor in the token’s recent market performance.
Derivatives activity also picked up. Solana futures open interest rose from $4.94 billion to $6.4 billion, showing stronger participation in the contracts market. Analysts cited sustained ETF demand, expanding bullish positioning in futures, and improving technical signals as key drivers behind the current move. Some market views also point to a growing long-term investor preference for Solana.
Spot and futures buying gaps widen as long positions stay active
Over the past five days, the gap between spot buying and selling volume increased from about $163 million to $250 million. In futures, that gap has climbed to $593.6 million since May 5. At the same time, the funding rate has stayed positive at around 0.065%, a sign that leveraged long positions remain common among traders.
Even so, spot market activity flattened over the last 24 hours. Traders appear to be waiting for firmer confirmation before committing to another leg higher.
Technical setup points to $120, with $89 to $91 as nearby support
Technical analysts say SOL has formed a double-bottom pattern on higher time frames, a structure often read as a recovery signal after an extended decline. If the breakout holds, analysts say the next price target could be in the $120 area.
Solana has also moved above its 100-day exponential moving average for the first time since October 2025. Analysts added that resistance appears limited between $95 and $120, which could leave room for faster price movement if buying pressure continues. Separate market watchers noted that the 231-day downtrend on the SOL/BTC chart has ended, indicating stronger relative performance against Bitcoin.
If SOL sees a short-term pullback, the $89 to $91 range is being watched as the closest support zone. As long as price stays above that area, the current bullish structure remains in place, while ETF-driven institutional demand is also being treated as a key support factor.