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.