MV Capital - Solana Powers Toward $100 as ETF Inflows Hit Highest Level Since January

Solana is showing renewed strength as institutional money flows back into its spot exchange-traded funds. After weeks of subdued activity, the digital asset’s investment products posted their strongest performance in months, driving SOL closer to the key $100 level

Key Highlights:Spot Solana ETFs recorded $39.23 million in weekly inflows — strongest since January
Bitwise led with dominant share of fresh capital
SOL price up nearly 15% in the past week, trading near $96–$98
Cumulative ETF inflows surpass $1 billion
Derivatives open interest climbs sharply as traders target $100–$120

Institutional Demand Returns Strongly

Spot Solana ETFs attracted $39.23 million in net inflows over the past week, according to market data. This marks the highest weekly total since mid-January and reflects growing confidence from larger investors in the altcoin’s outlook.

On a daily basis, the funds pulled in $26.57 million on Tuesday — the best single-day result in more than two months. Bitwise’s offering stood out, capturing roughly $21.62 million to $36 million of the recent flows, representing over 80% of total inflows in the period. Other issuers saw more modest contributions, including Fidelity.

Cumulative net inflows across all spot Solana ETFs now stand at approximately $1.06–$1.08 billion since launch. This steady capital accumulation comes as broader market sentiment improves and investors look beyond Bitcoin for exposure.

Price Action and Technical Outlook

SOL has climbed nearly 15% over the past seven days and is currently trading just below the $100 psychological barrier. The token broke above its 100-day exponential moving average, with momentum indicators supporting further gains.

Analysts point to the $98–$100 zone as immediate resistance. A clear move above this level could open the path toward $108–$120, where additional Fibonacci retracement levels and moving averages sit. On the downside, support rests near $92 and the 50-day EMA around $87–$88.

Current SOL Levels (as of May 13, 2026):Price: ~$95–$98
7-day change: +15%
Key resistance: $100, $108–$110
Key support: $92, $87

Derivatives Market Signals Bullish Intent

Futures open interest for Solana has risen sharply from $4.83 billion to over $6.4 billion in recent days. Funding rates turned positive, indicating that long positions are paying to hold — a setup often seen before sustained upward moves.

Spot and futures cumulative volume delta show buyers absorbing sell-side pressure. On-chain metrics also reflect cooling but constructive conditions, with buy-side dominance in futures markets.

What This Means for Market Participants

The combination of strong ETF inflows, rising derivatives participation, and technical breakout suggests institutional players are repositioning into Solana. While short-term pullbacks remain possible, the overall structure points to continued interest if $100 is cleared decisively.

Market watchers will monitor whether inflows sustain and if Solana can maintain strength relative to Bitcoin. The $120 region is cited by several analysts as a realistic near-term target if current momentum holds.