Solana (SOL) Reclaims $140 as Second-Wave ETFs Launch — Is a Rebound Underway?
Solana (SOL) Reclaims $140 as Second-Wave ETFs Launch — Is a Rebound Underway?
Solana (SOL) recently climbed back above the $140 mark, marking a potential turning point after a rough stretch—thanks in large part to the debut of a new wave of Solana-focused exchange-traded funds (ETFs). The combination of steady institutional inflows and renewed market optimism may be laying the groundwork for a broader rally.
Demand for Solana-based ETF products has surged: inflows have exceeded $390 million, with 15 straight days of positive net flow.
Following ETF launches from firms like VanEck, Fidelity and others, SOL’s price rallied about 8.4% from a five-month low near $128.
Why This Could Be Important
New investor access: The ETF launches broaden institutional access to Solana, making large-scale investment simpler and more regulated.
Supply-demand shift: With more capital locked into ETFs and staking programs, available circulating SOL may tighten—potentially creating upward pressure if demand remains.
Technical setup: After testing key support zones, SOL now sits at a critical juncture—if it holds above $140 and volume returns, the path to $160+ opens.
What’s Still to Watch
Sustained volume is needed for a meaningful breakout—without it, the rally may falter.
Despite renewed momentum, SOL remains down significantly for the year; broad market headwinds could derail the upswing.
The influence of large inflows can sometimes mask underlying weakness in network usage and activity metrics—investors will need to keep an eye on on-chain indicators, too.