Solana’s ETF inflows hit $400 million, but the price dropped 6.6%. Here is why.

As per CoinTelegraph, Solana ETFs saw a weekly inflow of more than $400 million. ETFs played an important role in this current market cycle. Growing ETF inflows played a major role in the big price rises of Bitcoin (BTC), Ethereum, and other cryptocurrencies. The market has changed in the past month. SOL is still on a downward trend despite large ETF inflows. Why?

Why has Solana’s stock fallen despite large ETF inflows?

Most major cryptoassets, including Solana(SOL), are currently trading in the “red zone”. CoinGlass data The last 24 hour data shows that 1,85 billion dollars were liquidated on the cryptomarket. Global crypto market cap fell 4.1% during the same time period to $3.48 trillion. SOL’s value is probably a victim to the overall market correction. Bitcoin’s (BTC) price has dropped to $102,000 and could even drop below $100,000.

According to CoinGecko’s SOL dataSolana’s price dropped by 6.6% this morning, according to the charts. While the price of the asset has fallen by 0.6% over the last 24 hour, it seems that the asset is recovering. SOL also fell by 19.1% over the past week and 15.3% for 14-days charts. It was down 32.3% last month as well as 1.6% from November 2024.

Solana, or SOL as it is also known, was one of the top-performing cryptos in 2024. The asset has lost all gains it made in the last 12 months due to recent market crashes.

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Even though Solana’s (SOL), current performances are not impressive, it is possible that the stock will recover over the next couple of weeks. A positive indicator is the increasing inflows of ETFs. This could indicate that interest among institutions is still high. In addition, the Federal Reserve cut interest rates an additional 25 basis points. There could be a delay in the rally. Other assets are likely to follow Bitcoin’s (BTC) lead if it makes a return.