**Altcoins: Institutional Appetite for Solana Surges as Major Financial Players Reveal ETF Holdings**
Institutional interest in Solana is gaining significant momentum, with financial heavyweights Rothschild Investment and PNC Financial Services disclosing their holdings in newly launched Solana exchange-traded funds (ETFs). These filings arrive amid continued inflows into Solana products, even as Bitcoin and Ethereum funds face substantial redemptions.
### Major Institutions Acquire Solana ETF Shares
In recent disclosures to the U.S. Securities and Exchange Commission, Rothschild Investment LLC, which manages approximately $1.5 billion in assets, reported owning 6,000 shares of the Volatility Shares Solana ETF (SOLZ), valued at around $132,000. Likewise, PNC Financial Services, overseeing close to $569 billion in assets, revealed possession of 1,453 SOLZ shares worth approximately $32,000.
These institutions join a growing list of traditional financial players—including Heck Capital Advisors, Belvedere Trading, and Tactive Advisors—that have steadily increased their exposure to Solana through ETF vehicles.
### Bitwise Solana ETF Maintains Strong Momentum
Adding to the bullish sentiment around Solana, Bitwise’s Solana ETF recorded inflows exceeding $126 million during its first full week of trading, marking eight consecutive days of net gains. This surge in interest contrasts sharply with Bitcoin and Ethereum ETFs, which collectively saw $2.6 billion in outflows during the same period, indicating a notable shift in institutional demand toward Solana.
Over the past two weeks, the Bitwise Solana Staking ETF (BSOL) and the Grayscale Solana ETF (GSOL) have together accumulated around $336 million in inflows. The BSOL fund alone accounts for $323.8 million, driven by investor enthusiasm for Solana’s staking yields and strong on-chain performance.
### SOL Price Rebounds from Key Support Levels
Reflecting this growing optimism, Solana’s price climbed nearly 5% in the last 24 hours, trading around $169 after bouncing off recent lows near $150. According to CoinMarketCap, this price recovery coincides with rising ETF inflows and a more than 50% increase in trading volume—both signs of renewed market confidence.
Technical indicators further underscore improving sentiment. The daily chart shows SOL rebounding from its mid-October slump, with momentum indicators beginning to turn upward. The MACD histogram is nearing a bullish crossover zone, while the Relative Strength Index (RSI) has moved back above 43.
Analysts point to the $150 price level as critical support, noting that sustained buying pressure could propel SOL toward the $180-$200 range. Meanwhile, data from Coinglass reveals a 3% increase in open interest to $7.8 billion. Futures positions on CME and Binance have jumped 5% and 4%, respectively—another indication of strengthening bullish positioning.
### Institutional Interest Could Redefine Solana’s Market Outlook
The combination of steady ETF inflows and growing institutional exposure highlights Solana’s transformation from a rapidly developing blockchain project into an established, investment-grade asset. With ETFs providing regulated entry points for traditional investors, Solana’s integration into mainstream finance appears poised for significant expansion.
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*The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.*
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**About the Author**
Alex is an experienced financial journalist and cryptocurrency enthusiast with over eight years covering the crypto, blockchain, and fintech industries. His in-depth articles offer clear insights into the latest developments and trends in digital assets. Alex’s approach breaks down complex concepts into accessible content, helping readers stay informed about important market topics. Follow his publications for the latest updates.
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