Solana’s Solana pushed back above $100 this week, reclaiming levels not seen in about 6 months. It’s not just a price print. ETF flows and open interest are pulling in the same direction. U.S. spot Solana ETFs took in $33.5 million on Monday, the largest single-day inflow so far in 2026, pushing total net inflows for the category to a record $1.22 billion. The bulk of Monday’s gain came through Bitwise, whose BSOL fund accounted for $25 million of that one-day total.
Bitwise now attracts around 80% of cumulative U.S. spot Solana ETF flows, meaning new demand isn’t spread broadly, but channeled overwhelmingly through one product. At the same time, derivatives activity is backing that move. Open interest in Solana perpetual futures climbed to a 9-month high on Solana venues as trading activity picked up. In sum, Solana’s break above $100 isn’t just a swing-trade event; it’s arriving alongside record ETF demand and rising derivatives participation, especially concentrated through Bitwise.
The test now is whether both pillars, ETF inflow and leveraged trading, hold as price consolidates. If either side falls off sharply, the case for durable strength above $100 weakens.