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Points of Focus
- SOL holds near $104 as US spot ETF inflows fall to $925,000.
- Daily ETF inflows are down 98.5% from the $60.91-million Aug. 27 peak.
- $103 remains key onchain support as futures open interest holds near $6.6 billion.
Solana (SOL) traded near $103.73 at the time of writing, holding above $100 even as US spot exchange-traded fund (ETF) inflows slowed sharply. The funds drew just $925,000 on Aug. 31, down from $60.91 million on Aug. 27. The drop hasn’t broken the broader inflow streak, leaving price action focused on whether buyers can defend the $103 onchain support zone.
Solana ETF inflows fall as 10-day streak continues
SoSoValue data show Fidelity’s FSOL was the only US spot Solana ETF to post a net inflow on Aug. 31, bringing in $925,000. The daily total was 98.5% below the $60.91 million recorded on Aug. 27, when Bitwise’s BSOL alone attracted $40.2 million.
Aug. 27 was an unusually strong comparison point. The $60.91-million total was the third-largest daily inflow since US spot Solana ETFs launched in October 2025 and the highest of 2026. The category also drew more than $153 million during its strongest week of the year, according to SolanaFloor.
The Aug. 31 slowdown still extended the category’s positive-flow run to 10 consecutive trading sessions. Cumulative net inflows reached about $1.341 billion, while total net assets stood at $1.436 billion. Funds, therefore, continued to record net buying, but at their slowest pace during the current streak.
Solana’s price holds near $104 as leverage stays elevated
CoinGecko priced SOL at $103.73, with a seven-day range of $95.23-$110.17 and a 24-hour low of $102.23. SOL remains about 5.8% below the weekly high, placing the $103 area close to current trading.
Crypto analyst Ali Martinez highlighted that level in an Aug. 31 X thread. He identified $103 as a major cost-basis zone where about 39 million SOL had previously changed hands. That concentration gives traders a defined level to watch as ETF buying slows. A sustained move below $103 would weaken the support case built around that cost basis.
SOLANA NEW LEG UP BEGINS. TARGET: $150
1/7 🧵👇
— Ali Charts (@alicharts) August 31, 2026
CoinGlass data shows about $6.62 billion in SOL futures open interest, with 24-hour futures volume near $9.97 billion versus roughly $927 million in spot volume. Futures turnover is about 10.7 times spot volume. That ratio doesn’t show whether traders are net bullish or bearish, but it confirms that derivatives account for far more turnover than spot markets. Open interest stood at $6.62 billion on Sept. 1.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency prices are highly volatile. Always conduct your own research before making investment decisions.
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