Solana ETFs Soar for Fifth Straight Day on Record $33 Million Inflow
Solana exchange-traded funds (ETFs) in the US have recorded their fifth consecutive day of gains, following an influx of $33 million in new capital. This surge in demand has pushed Solana's price to a six-month high above $100.
The sustained appetite for regulated Solana exposure is reflected in the data from CoinDesk, which shows that the five-day streak of positive growth into Solana ETFs signals persistent demand across multiple trading days.
This recent surge has sparked enthusiastic forecasts among analysts, with some predicting prices to reach as high as $300 or even $800. However, cautionary voices warn that a correction could be on the horizon due to Solana's Relative Strength Index entering overbought territory and its exchange netflow data indicating a shift in assets from self-custody to exchanges.