Solana ETFs Post Record $188M Week as SOL Holds Near $120
US spot Solana exchange-traded funds recorded their biggest weekly haul in about ten months, taking in roughly $188 million, according to Coincentral. The record week ended with a reversal: the funds saw about $12.5 million in net outflows on Sept. 30, led by $8.9 million pulled from Bitwise’s BSOL, while Fidelity’s FSOL still added $2.8 million.
SOL opened near $118.04 on October 1 and traded around $119.54, up about 1.25% on the day, per Coincentral. The token has climbed from roughly $75 in August, clearing the $95-$100 band that capped gains through much of 2026 and turning that old ceiling into support.
Key facts
- Spot Solana ETFs drew about $188 million in a single week, with Bitwise’s BSOL responsible for roughly $128 million, or about 68% of the total, and about $87 million arriving on the Friday alone (Coincentral).
- Aggregate net inflows across US spot Solana ETFs are near $1.6 billion since launch (Coincentral), a figure Blockonomi places at $1.62 billion with $1.93 billion in combined net assets, equal to about 2.76% of Solana’s market capitalization.
- Blockonomi reported the funds have logged 11 consecutive weeks of positive net inflows and have accumulated roughly 4.37 million SOL, worth around $450 million, since July 13, citing analyst Ali Charts.
- Solana’s Alpenglow consensus upgrade is running on devnet and testnet, targeting finality of about 150 milliseconds versus roughly 12.8 seconds today, alongside a planned slot-time cut from 400 to 250 milliseconds (Coincentral).
- Solana DEXes handled $91.1 million in tokenized commodities transactions in the Sept. 21-27 window, 28% of the $322.7 million market, up from 5% four weeks earlier (Blockonomi).
Where the two reports diverge
The outlets frame the same weekly record slightly differently. Coincentral dates it to the week of Sept. 21-25 and reports about $188 million. Blockonomi puts the period a day longer, ending Sept. 27, at $188.21 million, and attributes it to SolanaFloor. Coincentral also notes inflows of $12.7 million on Sept. 28 and $5.4 million on Sept. 29 before the Sept. 30 reversal, while Blockonomi credits SoSoValue with the $12.70 million figure for Sept. 28.
Momentum indicators have cooled near the top of the range. Coincentral reports a daily RSI of 63.22 and an MACD line at 5.56 against a signal line of 5.64, with a histogram of -0.09. Blockonomi cites a four-hour RSI of 55.99 with MACD still below its signal line. Both describe $120 as the level buyers keep testing and $116 as the support line holding so far this week; Coincentral places downside support at $105-$110 and then $94-$100.
Why it matters
Solana’s ETF complex has become a meaningful source of demand, and Blockonomi reports the vehicles now hold a slice of the token’s market capitalization that would have been unthinkable before the funds launched. The same report shows the network taking the top spot in tokenized commodities trading volume, ahead of Robinhood Chain’s $81.3 million and Ethereum’s $62.6 million in the same week. On the supply side, Blockonomi notes DeFi Development Corp added about 47,706 SOL since September 21, taking its total to roughly 2.54 million SOL, while stablecoin supply on the network reached $17.3 billion as of September 25 by Solana’s own metrics, or about $16.37 billion by DefiLlama’s count.
What to watch
The immediate test is whether daily ETF flows resume after the Sept. 30 outflow and whether SOL can close above the $120-$122 band that has capped it for a week. Blockonomi’s cited analyst targets $150 on the upside, with $125 and $130 as nearer hurdles. On the network side, the pathway from devnet and testnet to a mainnet rollout for Alpenglow is the next milestone to track.
None of this is financial advice, and crypto prices are volatile and can fall as quickly as they rise.
Disclaimer: This article is for information only and is not investment, financial or trading advice. Cryptocurrency prices are highly volatile. Always do your own research.
Sources: CoinCentral, Blockonomi
