Trading at approximately $136, Solana (SOL) has managed a 0.55% gain over the last 24 hours, positioning itself near the top of its recent trading channel, which ranges from $124.09 to $144.01. However, the token remains heavily discounted, down 31% over the past month and sitting more than 50% below its all-time high of $293 recorded in January.
Solana ETFs recorded a net inflow of $53.08 million on November 25 alone. Bitwise’s BSOL led the charge with a $30.9 million intake, followed by Grayscale’s GSOL ($15.9 million), Fidelity’s FSOL ($4.8 million), and VanEck’s VSOL ($1.33 million).
This strong demand marks the 21st consecutive day of positive inflows for Solana ETFs, which is the longest uninterrupted run seen by any major cryptocurrency ETF this year.
Total cumulative inflows have now soared to $621 million, showcasing a clear institutional preference for SOL, in stark contrast to the persistent outflows observed in both Bitcoin and Ethereum-based products.
Meanwhile, the institutional momentum surrounding Solana ETFs appears set for a significant acceleration. On November 25, investment giant Franklin Templeton filed Form 8-A with the Securities and Exchange Commission (SEC) to formally register the Franklin Solana ETF. This filing represents the crucial final procedural hurdle before the product can begin trading.
Market observers anticipate a swift listing, with the Franklin Solana ETF potentially launching on the NYSE Arca as early as today, November 26.
