Solana ETF Inflows Jump as Traders Watch Potential SOL Rally Toward $120

Spot Solana exchange-traded funds recorded their strongest weekly inflows since February, signaling renewed investor interest in the digital asset. Total net inflows reached $39.23 million last week, led mainly by Bitwise’s BSOL ETF, which attracted nearly $36 million. Fidelity’s FSOL added more than $1.8 million during the same period.

Since launch, spot Solana ETFs have accumulated approximately $1.06 billion in total inflows, with BSOL contributing nearly 81% of that figure. The renewed interest comes as Solana gained around 15% over the past week, climbing close to the $97 level.

Solana Futures Open Interest Climbs Nearly 30%

Market activity expanded beyond ETFs as Solana futures open interest increased from $4.94 billion on May 1 to $6.4 billion, marking a rise of nearly 30% in less than two weeks. Analysts often view rising open interest as a sign of stronger trader participation and growing confidence in price movement.

At the same time, spot and futures buying pressure increased sharply, though momentum slowed slightly near the $95 to $96 range.

Can Solana Price Reach $120?

Technical analysts are closely watching the $95 resistance level. Solana recently moved above its 100-day exponential moving average for the first time since October 2025, a signal many traders consider positive.

If SOL maintains support above $95, analysts believe the next major target could be near $120, especially as limited resistance exists between those price zones.