Solana dominates altcoin inflows with $421M as ETF filings rise and price battles to reclaim the $200 level.
Solana continued to attract strong institutional demand last week, recording $421 million in inflows, the highest among all digital assets. This surge brought the network’s year-to-date inflows to $3.2 billion, marking its 21st consecutive week of institutional investment. Analysts believe Solana must reclaim the $200 price level to confirm a potential shift in momentum after a volatile week in the broader crypto market.
Solana ETF Developments Strengthen Institutional Interest
Invesco Galaxy has filed an amended registration for its Solana exchange-traded fund with the U.S. Securities and Exchange Commission. The filing moves the product closer to launch and includes new details about its structure, such as a 0.25% sponsor fee and initial seed capital of $100,000. The ETF is expected to trade on the Cboe BZX Exchange under the ticker QSOL once the remaining regulatory processes are completed.
🚨BREAKING: @Solana-based digital asset funds attracted $421M in inflows last week, the highest among all crypto assets. Year-to-date inflows now exceed $3.2B, marking Solana’s 21st straight week of institutional inflows. pic.twitter.com/bhQPKQh7it
— SolanaFloor (@SolanaFloor) November 3, 2025
According to the filing, Invesco provided the seed investment by purchasing 4,000 shares of the trust. The document also includes an independent review by PricewaterhouseCoopers LLP, confirming transparency in reporting standards. Despite the ongoing government shutdown slowing some administrative processes, the issuer remains on track for approval.
The ETF race among Solana products continues to intensify. Bitwise and Grayscale recently launched their own Solana ETFs, which have attracted nearly $199 million in inflows since debut. These developments indicate a growing institutional appetite for Solana-based products, even as market volatility increases.
Market Dip Sends SOL to $166 Amid High-Volume Selling
Solana’s price fell sharply on Monday, dropping 9% to around $166. The sell-off was triggered by heavy trading activity on Binance, where 1.9 million SOL tokens were sold within an hour. This sharp move came as broader crypto markets reacted to renewed recession concerns and increased risk aversion among traders.
One major trader, identified by LookOnChain, reportedly opened a 20x leveraged long position on Solana at $185.51. The position, valued at $10 million, is now showing an unrealized loss of $2.7 million as prices remain under pressure. Market data also shows a decline in investor confidence, with the Crypto Fear and Greed Index falling to 42, indicating moderate fear.
Whale 0x8d0E deposited 10M $USDC into #Hyperliquid and opened a 20x long on 140,366 $SOL($26.14M) ~2 hours ago.https://t.co/5mFQbqK01Z pic.twitter.com/rungtHzR7O
— Lookonchain (@lookonchain) November 3, 2025
Technical indicators suggest the asset faces challenges in regaining bullish strength. Solana is currently trading below its lower Bollinger Band at $170, while the Parabolic SAR shows a sell signal. Analysts believe a rebound above $200 would be required to restore market confidence and shift sentiment toward recovery.
Economic Concerns and Technical Pressure Shape Solana’s Short-Term Outlook
Market analyst Ali Charts asserts that reclaiming the $200 level remains key for Solana’s near-term recovery. Till then, the asset is expected to face continued volatility as investors assess macroeconomic conditions and monitor institutional fund movements. Solana’s sustained inflows and growing ETF activity show that the network remains a central focus in the altcoin market despite recent turbulence.
The broader economic environment continues to weigh on digital assets, including Solana. Statements from U.S. Treasury Secretary Scott Bessent warning of a housing recession have added pressure to risk markets. Federal Reserve Chair Jerome Powell’s recent comments on maintaining a tight monetary stance also contributed to investor caution.
Despite these headwinds, some traders remain optimistic about Solana’s long-term position. The Chaikin Money Flow indicator remains positive, suggesting continued accumulation by some large investors. However, the Bull Bear Power index recorded its weakest reading since mid-October, reflecting reduced buying momentum.
