Solana ETFs Record Strongest Performance Since Mid-January

Solana Spot ETFs See Biggest Gains in Weeks

On February 10, U.S. spot Solana ETFs experienced their most significant daily inflows in nearly a month, according to data from SoSoValue.

After two consecutive days of outflows, Solana ETFs attracted $8.43 million in net new investments on Tuesday. This marked their highest single-day inflow since January 15, when they received $8.94 million. These gains came despite a sharp 24-hour market downturn, during which Solana’s price dropped by 3.8%, as reported by CoinGecko.

Bitwise’s BSOL ETF led the surge, bringing in $7.70 million, while Fidelity’s FSOL followed with $732,040 in new funds. Other major issuers, such as Grayscale, VanEck, and 21Shares, saw little to no change in their ETF flows for the day.

With this latest round of investments, spot Solana ETFs now manage $700.21 million in assets, accounting for about 1.49% of Solana’s total market capitalization of $46.3 billion.

Although Solana’s inflows were modest compared to the $166 million that poured into Bitcoin ETFs and the $13.82 million for Ethereum ETFs, Solana still outperformed XRP ETFs, which saw $3.26 million in inflows during the same period.

Solana Price Continues to Slide Despite ETF Interest

Despite increased ETF activity, Solana’s price remains under pressure. The token is currently valued at $81.33, reflecting a 15.5% decline over the past week and a 42% drop in the last month. Earlier in February, Standard Chartered reduced its 2026 price target for Solana from $310 to $250, but raised its long-term outlook, predicting the asset could reach $2,000 by 2030.

This ongoing price weakness has left many investors feeling pessimistic about Solana’s near-term prospects.

Market Sentiment and Predictions

According to data from Myriad, a prediction platform owned by Decrypt’s parent company Dastan, users currently believe there is a 65.4% chance that Solana’s next significant move will be a drop to $40, rather than a rally to $160. Additionally, Myriad participants assign only a 9.1% probability that Solana will reach a new all-time high before July.

Broader Crypto Market Uncertainty

This negative outlook is largely driven by widespread fear in the cryptocurrency market, following Bitcoin’s prolonged decline and a series of liquidations totaling over $1 billion in recent weeks.

Uncertainty also persists due to evolving global economic and geopolitical factors, as highlighted in a recent Decrypt report. These challenges have put pressure on U.S. equities, while gold has remained relatively stable after last week’s dip.