SOL Pumps 10% with Surging $613M Solana ETF Inflows. Next Target $150?

Solana is making waves again. After a brutal few weeks, SOL pumps on the back of sustained institutional interest. The numbers tell a compelling story.

Solana spot ETFs recently achieved 21 consecutive days of positive inflows before recording their first modest outflow. Total net inflows reached $613 million, with assets climbing close to $918 million. 

That’s serious money flowing into SOL. But here’s the kicker. While Bitcoin and Ethereum ETFs bled billions, Solana remained the only major asset posting persistent inflows throughout November, attracting $369 million over three weeks. 

Why Institutions Keep Buying

The momentum didn’t happen by accident. Bitwise’s BSOL exceeded $500 million in assets under management within just 18 days of launch. That’s faster than most analysts predicted.

Daily inflows consistently hit multi-million-dollar ranges on November 24 and 25, with $57.99 million and $53.08 million, respectively. These aren’t retail traders making small bets. This is institutional capital voting with real money.

Franklin Templeton’s entry adds fuel to the fire. The asset manager, controlling $1.7 trillion, filed for a Solana spot ETF with a competitive 0.19% management fee. When the big players move in, others follow.

The Price Action Puzzle

Here’s where things get interesting. SOL currently trades around $140, having faced pressure throughout November despite the inflows. The asset experienced sustained downward movement even as institutions accumulated, creating what analysts view as a possible re-accumulation phase.

Why the disconnect? Simple. ETF providers often purchase assets through over-the-counter desks and structured transactions, creating a time lag before these acquisitions impact visible exchange prices.

Think of it like a coiled spring. The buying is happening. The market just hasn’t fully reacted yet.

Can SOL Hit $150?

Let’s talk targets. The $150 level isn’t random wishful thinking. It represents a key psychological barrier and a previous resistance zone.

Technical factors line up. Sustained ETF inflows reduce circulating supply, which can strengthen the case for a price reaction once market conditions stabilize.

But there are headwinds. Analysts tracking Elliott Wave structure suggest the market may be moving through a deeper corrective phase, with potential downside targets between $80 and $95 if current support levels fail.

The bull case hinges on one thing: Can institutional demand overcome broader market weakness? History suggests it can. Bitcoin ETF inflows eventually drove BTC to new highs after similar accumulation phases.

Also Read: What Is Smart Contract Auditing And Why Is It Important?

What’s Next for Solana?

The ETF story is still unfolding. More institutional products are launching, with competitive fee structures ranging from 0.19% to 0.80%. Lower fees typically attract more capital over time.

Solana’s network fundamentals remain strong. The blockchain continues processing thousands of transactions per second with minimal fees. Real-world adoption keeps growing, from DeFi protocols to NFT marketplaces.

For traders eyeing the $150 target, patience matters. SOL pumps rarely happen in straight lines. The institutional foundation is being built right now. Whether that translates to immediate price action depends on broader crypto market sentiment.

One thing’s clear: Solana isn’t going anywhere. The ETF flows prove institutional interest is real and growing.

Get the news in a Jist. Follow Cryptojist on X and Telegram for real-time updates!

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.