Solana Rises to New Heights as Record ETF Inflows Fuel Price Surge

Solana's SOL token outperformed Bitcoin (BTC) on Tuesday as record inflows into U.S. spot Solana exchange-traded products pushed the token near $100.

According to SoSoValue data, U.S. spot Solana ETFs added $33.5 million in net inflows on Monday, the largest daily figure this year, bringing cumulative net inflows to a record $1.22 billion.

This influx of investment has driven SOL's price up 27% against Bitcoin over the past week, with SOL trading at around $98 and gaining 1.5% against Bitcoin's loss of 0.2% below $79,000 in the last 24 hours.

However, Solana's price hasn't yet recovered 20% of its losses seen during the bear market stretch, according to analyst Michaël van de Poppe.