Solana ETFs Post Best Session Since Mid-January
Analysis
Price Impact
MedDespite solana etfs experiencing their best inflow session since mid-january, the capital injection was modest compared to bitcoin and ethereum etfs and failed to reverse solana's significant price decline. the positive inflow is overshadowed by prevailing bearish market sentiment and a brutal sell-off.
Trustworthiness
HighThe analysis is based on data from reputable sources such as sosovalue, coingecko, prediction market myriad (owned by decrypt's parent company), and forecasts from standard chartered bank.
Price Direction
BearishThe positive etf inflows were not enough to counter the strong bearish sentiment, which includes a 15.5% weekly and 42% monthly price drop, a 65% probability of dropping to $40 according to prediction markets, and a recent downward revision of standard chartered's 2026 price forecast. broader market fear and macroeconomic headwinds further contribute to the pessimistic outlook.
Time Effect
ShortThe current market sentiment, including significant daily price drops and near-term predictions (e.g., probability of hitting $40 soon or achieving ath before july), suggests that the negative factors will likely influence price action in the immediate to short term.
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Article Content:
In brief Solana ETFs logged $8.43 million in net inflows Tuesday, their strongest session since January 15. Bitwise's BSOL dominated with inflows of $7.7M, while Fidelity, Grayscale, and VanEck saw flat or negligible flows. Users of prediction market Myriad put the chance of Solana dropping to $40 at 65%. U.S. spot Solana ETFs recorded their strongest performance in nearly a month on February 10, according to SoSoValue data. Solana ETFs broke a two-day outflow streak, notching $8.43 million in net inflows on Tuesday—their highest daily volume since January 15, when they drew in $8.94 million. The inflows defy a brutal 24-hour sell-off that saw Solana’s price slip another 3.8%, according to CoinGecko data . The session was dominated by Bitwise’s BSOL, which captured $7.70 million in new capital, followed by Fidelity’s FSOL with $732,040 in inflows. Other major sponsors, including Grayscale, VanEck, and 21Shares, saw flat or negligible movement for the day. With the latest injection of capital, spot Solana ETFs now hold a total of $700.21 million in assets under management. It now represents roughly 1.49% of Solana’s total $46.3 billion market cap. While Solana’s daily inflows were modest compared to the $166 million flowing into Bitcoin ETFs and $13.82 million for Ethereum, the asset managed to outpace the $3.26 million recorded by XRP ETFs during the same period. The sophisticated investors’ buy signal has done little to plug the Solana price tailspin. It is currently trading at $81.33, reflecting a 15.5% drop over the past week and a 42% decline over the past month. Earlier this month, international bank Standard Chartered slashed its 2026 Solana price forecast to $250 from $310, while raising its long-term forecast to $2,000 by the end of 2030. The downtrending price action has left market participants deeply pessimistic. Data from Myriad , a prediction market owned by Decrypt ’s parent company Dastan, show that users now assign a 65.4% probability that Solana's next major move will be a dump to $40, versus a rally to $160. Myriad users also place just a 9.1% chance on Solana achieving a new all-time high before July. This divergence is likely due to the fear that pervades the broader crypto market after Bitcoin's sustained drop, which has triggered multiple liquidation events exceeding $1 billion in recent weeks. Furthermore, the outlook remains uncertain due to the developing macroeconomic and geopolitical conditions, as noted in a previous Decrypt report . These headwinds have weighed on U.S. stock markets, while safe-haven asset gold continues to hold steady after last week's pullback. Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Your Email Get it! Get it!