US-based Solana spot ETFs have achieved 11 consecutive trading days of positive net inflows, with $10.9 million recorded on September 2. Cumulative net inflows across all products have reached $1.35 billion, and total assets under management stand at $1.39 billion.
Bitwise dominates the landscape, managing $949.83 million in assets with cumulative lifetime inflows of $1.03 billion. Fidelity captured $2.67 million in daily inflows, while Morgan Stanley contributed $1.36 million on the most recent trading day.
Price Movement and Technical Levels
SOL is currently trading near $99 following a 3% correction over the previous 24 hours. Despite this short-term pullback, the cryptocurrency has registered a 35% gain over the prior two weeks. The asset has defended the $100 threshold for most of the trading session, with intraday trading contained between $97.38 and $100.71.
Market analysts identify $95 as a critical support zone for maintaining the current recovery trajectory. A confirmed daily close above $100 would establish a pathway toward the $110 resistance zone, with potential further upside toward $120 should that level be breached with substantial volume.
Derivatives Market Activity
Trading volume in Solana derivatives contracts expanded 22% to $9.43 billion, indicating elevated trader engagement. Open interest in derivatives contracts declined 1.40% to $6.47 billion, suggesting certain leveraged positions underwent liquidation or closure.
Options contract volume surged 19.30% to $15.18 million, while open interest in options increased 2% to $135.98 million. The Relative Strength Index currently registers at 62.15, retreated from previously overbought conditions, while the Chaikin Money Flow indicator reads 0.25, signaling continued capital accumulation.
