Solana ETFs attract R$ 127 million in the largest fundraising in 4 weeks

Source: PortaldoBitcoin Original Title: Solana ETFs attract R$ 127 million in the largest fundraising in 4 weeks Original Link: The spot exchange-traded funds (ETFs) for Solana in the United States received US$ 23.57 million (approximately R$ 127 million) in contributions on Wednesday (14), the highest amount in four weeks, according to data from specialized analysis platforms.

The positive flow occurred while Bitcoin was trading around US$ 97,000, accompanied by an improvement in investor sentiment. This Thursday (15), Solana is trading around US$ 142, down 2.9% for the day, but up 6.1% for the week.

The net flow recorded on Wednesday provides “a substantial boost to potentially break the recently contained trend of Solana,” market analysts stated, adding that this “coincides with a broader market recovery and could push prices to US$ 150 if maintained.”

Consistent demand for ETFs would signal increased institutional confidence in Solana’s robust ecosystem, highlighting the project’s scalability and its real-world utility.

Cautious outlook for altcoins

Despite this, the overall outlook among major altcoins like Solana, XRP, and BNB remains cautious, with gains mainly concentrated in sectors driven by specific narratives, such as privacy coins and memecoins.

The demand size for ETFs may not be enough for a major reversal. “Current demand is not strong enough to sustain upward momentum or cause a clear trend change,” experts assessed. “The total assets of Solana ETFs represent only about 1.5% of SOL’s market capitalization, and the daily traded volume is less than 1% of Solana’s total spot volume.”

Solana fundamentals

Despite this, Solana’s fundamentals show points of strength. Nine of the 22 companies that quickly reached US$ 100 million in revenue were built on Solana, according to data from specialized investment firms.

Additionally, Solana-based memecoin platforms doubled the number of active addresses last week, with daily token creation reaching nearly 31,000.

However, analysts warn that these positive points exist amid broader network pressure.

Drops in total traded volume on Solana DEXs, transaction activity, and total application revenue in recent months were highlighted. “As a result, although certain applications are growing, the network as a whole still faces pressure.”

Considering the recent growth of the cryptocurrency market, it was observed that “any apparent delay may be the result of temporary market volatility; this disconnect often precedes upward movements, highlighting the network’s undervalued potential for future gains.”