US spot Solana ETFs pulled in a record $188.21 million between September 21 and 25, 2026, led by Bitwise's staking fund. The inflow wave offset renewed SOL selling from Pump.fun, but the token still failed to clear the $122.70 resistance zone.
Solana's spot ETFs just posted their strongest week since launch, even as the token stalled below a key price ceiling. Institutional demand and on-chain selling pulled the asset in opposite directions at the same time.
Solana ETFs draw a record $188 million
US spot Solana ETFs collectively attracted $188.21 million in fresh capital between September 21 and September 25, 2026, the largest weekly inflow the funds have recorded since they launched late last year. All seven Solana ETFs posted positive inflows during the week.
The week's total came after an $86.67 million net inflow on Friday. Bitwise has led the category since launch, and its Bitwise Solana Staking ETF (BSOL) pulled in about $128.46 million over the five days — 68% of the week's total inflows. Grayscale followed with roughly $28.06 million in weekly inflows.
Pump.fun keeps adding supply
Even as institutional money moved in, Pump.fun kept selling. The platform sold another 47,994 SOL, worth roughly $5.83 million. That pushed its cumulative sales to 5.24 million SOL worth approximately $848 million, and the platform still held 381,737 SOL after the latest sale.
The renewed selling coincided with a shift in exchange flows: Solana logged $5.14 million in spot net outflows after three consecutive days of net inflows onto exchanges.
$122.70 rejection caps the rally
Solana's price advance pushed into the $122.70 zone, where sellers rejected the rally. The token traded around $120.64 at the time of reporting. The RSI indicator approached the 70 level during the advance before reversing lower to 67 alongside the price pullback.
Buyers would need to clear that resistance to extend the recovery. A failure to do so could expose the $110.13 support level that has held beneath the price so far.
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