SOL Plunge? Smart Money Still Buying – Why? 🚀

Despite a 4% SOL price drop over 24 hours and more than 20% in 11 days, Solana ETFs have continued to attract unprecedented institutional inflows during the same timeframe.

It shows that while retail traders are fading Solana like a bad joke, institutions are quietly buying the dip with the stealth of a well-trained ninja 🥷.

The Great Solana ETF Heist: Institutions Steal the Show (Again)

As of this writing, Solana trades at $158.01, down nearly 4% on the day and over 20% since October 28, the first day of inflow for Solana ETFs. A price drop so dramatic, it’s like watching a balloon deflate in a hurricane 🌪️.

Yet data shows a surge in Solana ETF inflows for the 11th consecutive day, totaling $351 million since launch across Bitwise’s BSOL and Grayscale’s GSOL funds. Because nothing says “confidence” like pouring money into a cryptocurrency that’s currently performing worse than a broken calculator 🧮.

The chart above shows the divergence. While Solana has achieved 11 consecutive days of SOL ETF accumulation, the price has declined. It’s like a toddler trying to juggle flaming torches while eating a sandwich 🍔🔥.

This signals growing confidence among institutions seeking cautious exposure to SOL, while the retail folk book profits. Because nothing says “cautious” like investing in a market that’s as stable as a house of cards in a tornado 🌬️.

Analyst AB Kuai Dong highlighted the paradox on X (Twitter), noting that Solana’s ETF inflows are rising even faster than SOL’s price drop. “Good news: SOL ETF sees inflows every day. Bad news: The inflow momentum is even faster than SOL’s drop. Soon, several spot ETFs for XRP and DOGE are coming too-could it be that they’ll also end as soon as they launch?” he posed. A question as profound as asking why the sky is blue while riding a unicycle 🎭.

🚨BREAKING: New York Stock Exchange (@NYSE) launches options trading for Solana ETFs $GSOL and $BSOL, allowing investors to trade and gain exposure to @Solana through ETF options for the first time.

The listings for $GSOL and $BSOL open the door to risk management, yield strategies, and price discovery tools once exclusive to traditional markets. Teddy Fusaro, President of Bitwise, called the milestone remarkable, citing institutional-grade benefits that come with ETF options. “Options are now live on America’s largest Solana ETF, BSOL. Pretty remarkable. Institutional tools for risk management, yield enhancement, and efficient price discovery that are essential at scale,” wrote Fusaro. A statement as thrilling as watching paint dry on a spaceship 🚀.

“Options are now live on America’s largest Solana ETF, BSOL. Pretty remarkable. Institutional tools for risk management, yield enhancement, and efficient price discovery that are essential at scale,” wrote Fusaro.

This evolution positions Solana as a financial asset with a maturing derivatives market, a development typically seen before major institutional adoption cycles. Because nothing says “maturity” like a market that’s as predictable as a disco ball in a earthquake 🕺.

Speculation Builds Around XRP and DOGE As ETFs Show Solana’s Strength

While Bitcoin ETFs led the market with $524 million in net inflows on November 11, led by BlackRock’s IBIT, and Ethereum ETFs saw $107 million in outflows for a third straight day, Solana’s ETF market stood out with $8 million in daily inflows, continuing an 11-day streak. A feat as impressive as a penguin doing a backflip 🐧.

The trend highlights institutional diversification beyond Bitcoin and Ethereum, with whales and funds staking and accumulating Solana for yield and long-term positioning. This could mark the early stage of Solana’s institutional adoption curve. Because nothing says “early stage” like a market that’s as volatile as a caffeine-addicted squirrel 🐿️.

Momentum from Solana’s ETF success has reignited speculation that XRP and Dogecoin ETFs could soon follow. Canary Capital CEO Steven McClurg told the Paul Barron Channel that an XRP ETF would likely double the performance of Solana. He cited the token’s global liquidity, clearer regulation, and payments utility as key institutional drivers. “An #XRP ETF would probably double what Solana did.” A claim as convincing as a magician promising to make your taxes disappear 🔮.

Canary Capital CEO Steven McClurg on the @PaulBarron channel:

“An #XRP ETF would probably double what Solana did.” 🌊

He cites XRP’s liquidity, global utility, and clearer regulatory path expecting major institutional inflows ahead. 🏁

– 𝗕𝗮𝗻𝗸XRP (@BankXRP) November 11, 2025

Despite its recent price drop, Solana’s fundamentals and institutional traction remain strong. ETF inflows, options trading on the NYSE, and whale accumulation suggest that smart money is positioning for long-term exposure, even as retail sentiment cools. It’s like a well-timed punchline that nobody understands but still laughs at anyway 😄.

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2025-11-12 15:08