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Solana ETFs hit $1.06B inflows, open interest at $6.4B as SOL breaks 231-day downtrend vs BTC.

Market News
12 May 2026
Cointribune
Bullish
pluang ai news

Solana spot ETFs have attracted over $1.06 billion in institutional inflows, with Bitwise's BSOL leading at $861 million. Open interest in Solana derivatives rose 29.5% to $6.4 billion this month, signaling renewed trader interest. SOL has broken a 231-day bearish trend against Bitcoin, with key technical support around $95-96 and potential targets near $120. This combination of ETF demand, derivative activity, and technical strength suggests a possible structural shift in Solana's market momentum.

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