Headline: Solana ETFs Pull in $23.6M — Biggest Inflow in Four Weeks, but Broader Strength Remains Mixed U.S. spot Solana ETFs attracted $23.57 million in net inflows on Wednesday, their largest single-day intake in four weeks, according to SoSoValue. The uptick arrives as Bitcoin trades near $97,000 and investor sentiment across crypto shows signs of improvement. Price snapshot: SOL is trading around $145 — flat on the day but up roughly 8% over the past week, per CoinGecko. Why the inflows matter Analysts view Wednesday’s ETF flows as a potential catalyst. “The netflow provides substantial momentum to potentially break Solana’s recently subdued trend,” Lacie Zhang, market analyst at Bitget Wallet, told Decrypt. She added that the inflows, which coincide with a broader market recovery, “could propel prices toward $150 if sustained.” Zhang also said sustained ETF demand would signal growing institutional confidence in Solana’s scalability and real-world utility. A cautionary read Despite the headline inflows, some experts urge caution. Illia Otychenko, Lead Analyst at CEX.IO, told Decrypt the current ETF demand may not be large enough to create a lasting uptrend. Solana ETF total net assets amount to roughly 1.5% of SOL’s market capitalization, and ETF daily trading volume remains below 1% of total Solana spot volume, he noted — figures that limit the potential market impact. Market sentiment remains tepid for alts Traders in prediction market Myriad give a subdued reading on an altcoin resurgence: the probability that an “alt season” begins in Q1 2026 sits at just 17% — up slightly from 16% at the start of the week. (Myriad is owned by Dastan, Decrypt’s parent company.) Fundamentals show mixed signals There are pockets of genuine on-chain and ecosystem strength. FrictionlessVC reports that nine of the 22 fastest-growing companies to reach $100 million in revenue were built on Solana. Meanwhile, Solana-based meme platform Pump.fun has doubled its active addresses over the past week and seen daily token creation rise to nearly 31,000, per Dune analytics. But those bright spots sit alongside weakening network-wide metrics. Otychenko flagged declines in Solana’s overall DEX trading volume, transaction activity, and total app revenue in recent months, suggesting broader network pressure even as select applications expand. Bottom line Wednesday’s ETF inflows add momentum and may nudge SOL toward near-term upside if the trend continues, but current ETF scale and lingering macro-network weakness make a decisive breakout uncertain. As Zhang put it, any perceived lag could be temporary market volatility — a disconnect that sometimes precedes bullish breakouts and highlights Solana’s “undervalued potential for future gains.” Read more AI-generated news on: undefined/news

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