Citing CoinPaper, U.S. crypto markets ended the year with mixed ETF flows, as Solana (SOL) attracted $2.93 million in net inflows on Dec. 29. Smaller networks like XRP also saw capital inflows, while Bitcoin and Ethereum ETFs recorded net outflows. Analysts noted that traders are closely watching the $118 support level for Solana, which could determine its short-term direction. Price action showed weakening momentum after a failed breakout above $135–$140, but as long as $118 holds, the broader range remains intact.
Solana ETF Sees $2.93M Inflows Amid Key $118 Support Test
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Summary
Solana ETF inflows hit $2.93 million on Dec. 29, according to CoinPaper, as U.S. crypto markets showed mixed inflows and outflows. XRP saw capital gains, while Bitcoin and Ethereum ETFs recorded net outflows. Traders are watching the $118 support level for Solana, a key indicator for its near-term direction. Price action weakened after a failed breakout above $135–$140, but the $118 level remains critical for maintaining the current range.
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