Institutional buyers step in as $SOL price extends decline amid broader market pressure
U.S. spot Solana exchange-traded funds recorded $8.43 million in net inflows on February 10, marking their largest single-day inflow in 28 days. The move signals a potential shift in investor sentiment after several weeks of muted demand and intermittent outflows.
Data from the SolanaFloor ETF Tracker shows that inflows broke a two-day streak of net outflows and marked the strongest daily intake since January 15, when Solana ETFs attracted $8.95 million. The renewed demand arrived during a volatile trading window for the broader crypto market and stood in contrast to continued weakness in Solana’s price.
With the latest capital injection, U.S. spot Solana ETFs now manage approximately $700.16 million in total assets under management. That figure represents about 1.55% of Solana’s total market capitalization, which stands near $45.2 billion.
Although the $8.43 million inflow remains modest compared with activity in larger digital asset products, the figure compares favorably within its peer group. On the same day, Bitcoin ETFs recorded $166.56 million in inflows, and Ethereum ETFs attracted $13.82 million, according to SoSoValue data.
The positive ETF session has not reversed Solana’s ongoing price weakness. According to CoinGecko data, Solana declined another 5.2% over the past 24 hours during the inflow session. The token currently trades below $80.
Over the past week, Solana has fallen 12.7%. Over the past month, it has declined 44%. Market participants continue to navigate macroeconomic uncertainty that has weighed on risk assets more broadly.
Onchain activity has continued to expand even as price performance remains under pressure. Solana recently processed approximately 959 million transactions in a single week, setting a new all-time high for weekly transaction volume.
The network’s throughput growth contrasts with declining token prices, highlighting the divergence between usage metrics and market valuation.
Institutional positioning has also drawn attention following Goldman Sachs’ latest regulatory disclosure. In its fourth quarter 2025 Form 13F filing with the U.S. Securities and Exchange Commission, Goldman reported $108 million in Solana ETF holdings.
The filing shows that the bank holds approximately $2.36 billion in total crypto-related assets through regulated ETFs. That allocation represents about 0.33% of Goldman’s overall reported portfolio. The disclosure includes $1.1 billion in Bitcoin ETFs, roughly $1 billion in Ethereum ETFs, approximately $153 million in XRP ETFs, and $108 million in Solana ETFs.
During the quarter, Goldman reduced its Bitcoin ETF holdings by 39.4% and trimmed its Ethereum ETF exposure by 27.2%, although Bitcoin and Ethereum still account for roughly 47% and 42% of its total crypto allocation, respectively. At the same time, the bank initiated a $108 million position in Solana ETFs, allocating about $45 million to Bitwise’s Solana Staking ETF and $35.7 million to Grayscale’s Solana Trust, alongside smaller investments with Fidelity, VanEck, 21Shares, and Franklin Templeton, bringing Solana to approximately 4 to 5% of its overall crypto exposure.
The $8.43 million inflow into Solana ETFs does not, on its own, confirm a sustained reversal in institutional sentiment. However, it marks the strongest daily showing in nearly a month and interrupts a short-term pattern of outflows. Combined with new institutional allocations such as Goldman’s reported positions, the data suggests that professional investors continue to evaluate Solana as part of diversified digital asset exposure.
At the same time, price action remains under pressure, and macroeconomic headwinds continue to shape investor behavior. The divergence between ETF inflows, network transaction growth, and declining token prices underscores the complexity of the current market environment.
