Goldman and Whales Drive Solana ETFs Past $1 Billion

Solana's spot exchange-traded funds (ETFs) have surpassed $1 billion in assets, according to recent data. The funds saw a significant influx of capital last week, pulling in $35.17 million and marking five consecutive positive sessions.

Among the top ETF holders, Bitwise's BSOL dominates with approximately 62% of the SOL market share, holding around $620 million. Goldman Sachs has disclosed a substantial position, ranking as the second-largest institutional holder after Morgan Stanley, VanEck, and market makers.

The dominance of whales in Solana Futures is also evident, with CryptoQuant data showing oversized orders driving activity since February. In contrast, retail participation has declined following the November-December price slide from $190 to $120. Analysts have flagged $80 as a crucial resistance level for SOL to retake.