**Solana ETFs Attract $323M in Inflows Amid Market Weakness**
Solana ETFs have recorded an impressive $323 million in inflows within just eight days, according to recent market data. This surge in capital comes despite notable valuation declines in treasury firms linked to Solana, highlighting contrasting dynamics within the ecosystem.
At press time, Solana (SOL) was trading at $154.16, down 18% over the past week and 2.25% in the last 24 hours, based on CoinGecko data. Analysts warn that forced selling from distressed treasuries could test key support levels near the $150-$160 demand zone.
### Institutional Investors Continue Accumulating SOL
Bitwise’s Solana-focused ETF led the inflows once again, adding $29.2 million in a single day and bringing its total investment to over $300 million since launch just last week. This steady buying indicates that institutional investors remain confident in Solana’s long-term potential despite recent price pressures.
Data from @SolanaFloor and @CryptoCurb supports this narrative, showing continued resilient ETF inflows. Market watchers on social platform X noted that the current accumulation pattern resembles those seen ahead of Solana’s previous price rallies—signaling that many investors view the recent pullback as an attractive entry point.
### Technical Outlook: Key Demand Zone Holds
Technical analysts are cautiously observing SOL’s price behavior around the critical demand zone between $150 and $160. According to @bitgu_ru, buyers have started to defend this area, providing a potential floor that could support a rebound. If this support holds, the token could see gains toward the $175-$185 range in the near term.
### Treasury Firms’ Sell-Off Raises Concerns
While ETF demand remains robust, on-chain analysts have expressed concerns over significant losses among treasury firms associated with Solana. @TedPillows highlighted that several treasury-linked entities are in “free fall,” warning that continued declines might trigger forced selling of SOL tokens.
This liquidity stress could add downward pressure, particularly if the broader crypto market deteriorates further. The sharp drop in these treasury asset valuations has sparked fears of a cascading liquidation event. Some observers believe that such treasury sell-offs might counterbalance the institutional inflows, creating a critical tug-of-war that will likely shape Solana’s near-term price trajectory.
### Active Trading Amid Price Weakness
Despite the price slump, Solana’s 24-hour trading volume remained robust at $5.96 billion, signaling strong market participation. Traders are closely monitoring whether sustained ETF inflows are sufficient to absorb potential selling from struggling treasury accounts.
**Conclusion**: The Solana ecosystem is currently navigating a complex phase where strong institutional demand via ETFs contrasts with pressure from treasury sell-offs. How this balance plays out will be key to determining whether SOL can stabilize and resume its upward momentum in the coming weeks.
https://blockonomi.com/solana-etfs-top-300m-but-treasury-crash-threatens-sol-price-stability/
