Solana ETF's explosive start: Behind the net inflow of 110 million USD, why is the SOL price trapped below 200 USD?Written by: White55, Mars Finance
On October 28, the Solana ETF product in the United States officially went live for trading, with data showing that the total trading volume reached 16 million dollars in the first 30 minutes. Among them, the trading volume of $BSOL was 11.7 million dollars, while the trading volumes of $SSK and $GSOL were 2.6 million dollars and 1.6 million dollars, respectively.
When the news of the ETF approval was announced, the price of SOL briefly rose by 3%, surpassing $201, but fell back in less than a day.
The ETF should have been the rocket fuel to push Solana towards $300 or even $400.
As of the time of writing, the SOL ETF has accumulated a net inflow of $117 million over the past two days, but SOL is still fluctuating around $194, failing to effectively break through the key resistance level of $200.
The gap between market expectations and reality
ETF this
MarsBitNews·2025-10-30 06:54