Solana spot exchange-traded funds in the United States attracted $188.21 million in net inflows during the week ending September 27, marking the strongest weekly performance in approximately 10 months. Bitwise's BSOL product led inflows with $128.46 million, followed by Grayscale's GSOL at $28.06 million and Fidelity's FSOL at $17.59 million.
The inflow surge extends a broader pattern of investor demand. US-based spot Solana ETFs have now recorded positive net inflows for 11 consecutive weeks, accumulating approximately 4.37 million SOL tokens valued around $450 million since July 13. Aggregate net inflows across all Solana ETF offerings have reached $1.62 billion, with combined net assets totaling $1.93 billion—approximately 2.76% of Solana's overall market capitalization.
SOL traded near $120 on Tuesday, maintaining its position above the $116 support zone after retreating from an approach toward $125 during the previous week. The price movement occurred alongside a broader cryptocurrency market gain, with total market capitalization climbing 1.11% to $2.9 trillion over 24 hours.
In market developments, decentralized exchanges on Solana facilitated $91.1 million in tokenized commodities transactions during the September 21-27 period, representing 28% of the $322.7 million total market. Solana's share of this market has expanded from 5% four weeks earlier. The total stablecoin supply on Solana reached approximately $16.37 billion to $17.3 billion, depending on the measurement source.
Technical analysis indicates the four-hour Relative Strength Index at 55.99, suggesting strengthening momentum, while the MACD indicator remained positioned below its signal line with negative histogram values. Market participants are monitoring $120 as primary support, with secondary support identified at $115 and $110.
