Institutional demand for SOL spot ETFs surged in May, marking 11 straight inflow days amid broader crypto ETF outflows.
Solana spot ETFs attracted $115.34 million in May, logging zero outflow days as Bitcoin and Ethereum ETFs faced net withdrawals. The 11-day inflow streak highlights growing institutional interest in SOL despite its price trading near $82, down from its $293 peak.
On-chain metrics reinforce Solana’s momentum, with the network leading Ethereum in decentralized exchange volume and handling over 32% of global stablecoin transfers. Corporate integrations, including PYUSD payments, and the upcoming Alpenglow upgrade, which aims to cut finality to 150ms, may further bolster adoption.
While SOL remains under pressure year-to-date, the consistent ETF inflows suggest institutions are positioning ahead of a potential price rebound. Risks include leverage reduction and competition, but the current trend contrasts sharply with broader crypto ETF weakness.