Although Solana's price has fallen more than 31% this year, its spot ETF still attracted a large influx of funds, totaling approximately $1.5 billion, indicating strong interest from institutional investors. Despite recent outflows, the overall amount remains close to $960 million, and the market has widely discussed this phenomenon, believing that the main driving force is long-term investment confidence.

Wall Street institutions invested over $540 million in the US spot Solana ETF in the fourth quarter of last year, with Electric Capital Partners and Goldman Sachs ranking as the top two. Despite the market value of the SOL tokens corresponding to the holdings dropping by over 30%, since October last year, the Solana ETF has seen a total inflow of $952 million.

Gate News Report, March 10th, according to Gate market data, as of press time, SOL (Solana) is trading at $85.65, up 4.60% in the past 24 hours, with a high of $93.83 and a low of $80.71. The 24-hour trading volume reached $4.095 billion. The current market capitalization is approximately $48.886 billion, an increase of $2.148 billion compared to yesterday. Solana is a leading high-performance network powering internet capital markets, payments, and crypto applications. As the world's largest startup and enterprise platform, it has the most users, the most developers, the highest trading activity, and the highest real TPS. Major companies such as Western Union, Visa, Worldpay, Circle, PayPal, and Fiserv are among the top global players.

On March 9th, the US SOL spot ETF experienced a net outflow of $2,484,200, with VanEck and Fidelity ETFs experiencing outflows of $1,978,100 and $506,200 respectively. Currently, the total net asset value of SOL spot ETFs is $814 million, with a historical net inflow of $955 million.

Gate News Report, March 9th, according to Lookonchain monitoring, today the US Bitcoin ETF experienced a net outflow of 5409 BTC, Ethereum ETF had a net outflow of 36599 ETH, and Solana ETF saw a net outflow of 68933 SOL.

Gate News Announcement, March 9 — Solana DEX aggregator Titan has launched the Private Swaps feature, supported by Vanish, allowing users to conduct anonymous transactions on the Solana network by masking their wallets. Currently, this feature supports exchange transactions involving SOL. Additionally, users who complete Private Swap transactions on Titan will receive a new Titan Privacy badge.

Solana (SOL) has recently continued to weaken, breaking through the $85 and $82 support levels, with market sentiment cautious. Traders are watching the key support level at $80; if it breaks, the price could continue to decline to $72. Technical indicators show a bearish trend, but there is still hope for a short-term rebound, which requires breaking through the $85.50 resistance to improve the market condition.

According to Gate News, on March 9th, last week, SOL spot ETF had a net inflow of $24.05 million, mainly contributed by Bitwise ETF BSOL with $33.94 million; XRP spot ETF experienced a net outflow of $4.0855 million. The total assets under management reached $807 million.

According to SoSoValue data, the US SOL spot ETF experienced a net outflow of $8,225,500 on March 6, with the Invesco Galaxy Solana ETF recording a net inflow of $426,900, and the Fidelity Solana Fund ETF recording a net outflow of $4,997,400. Currently, the total net asset value of SOL spot ETFs is $807 million.

On March 6th, the US SOL spot ETF experienced a net outflow of $8.2255 million, with the Invesco Galaxy Solana ETF seeing a net inflow of $426,900, while the Fidelity Solana Fund ETF had a net outflow of $4.9974 million. The total net asset value is $807 million, with a historical cumulative net inflow of $958 million.