Solana (SOL) price prediction: staking ETF raised a record $417 million in a single week, with a long-term bullish outlook to $1000

Bitwise's newly launched Solana stake ETF (BSOL) attracted a net inflow of up to 417 million USD in its first week, setting a new record and keeping the market bullish on Solana price predictions. This phenomenon indicates that Wall Street institutions are flooding into the Solana ecosystem through regulated product channels, particularly in its staking yield sector. Analysts expect that as the approval of the Spot SOL ETF approaches, the potential institutional demand will be a key catalyst for driving SOL to break through the current technical resistance level.

Wall Street's Huge Capital Flows into BSOL: Opening a New Chapter for Institutional SOL

The Bitwise Solana staking ETF (BSOL) had an exceptionally strong performance in its first week, with a weekly inflow of $417 million, making it the leader in fund inflows among all ETPs that week, even surpassing the performance of Bitcoin and Ethereum spot ETFs. The influx of this substantial capital is primarily driven by BSOL providing U.S. investors with a regulated avenue for obtaining SOL staking yields, a privilege previously limited to on-chain participants. This compliant channel has officially opened the “gateway” for institutional capital to enter the Solana ecosystem.

• An intuitive reflection of institutional interest: The success of BSOL strongly confirms that the market's demand for institutional-level allocation of SOL assets has been severely underestimated before the approval of the Spot ETF.
• Future Scale Prediction: According to estimates by Grayscale Investments, the Solana ETP could capture 5% of all SOL tokens within two years, valued at over $5 billion at current prices, indicating long-term capital inflow potential.
• Market significance: This marks the real institutional momentum flowing from Wall Street into the Solana space, laying the groundwork for broader adoption in the future.

Solana Price Technical Analysis: Breakthrough Key Resistance Level Aiming for the 500 Dollar Mark

As analysts widely expect that the Spot Solana ETF is likely to be approved this month, the pent-up institutional demand is expected to drive the SOL price out of a rising channel that has lasted for 7 months. Technical charts indicate that SOL is at a critical support confluence point, suggesting a potential launch pad setup.

• Key support area: SOL is currently testing the intersection of the channel's lower boundary and the historical demand zone, which is located at the 175 level, while also meeting the vertex of a converging descending triangle, indicating that the price trend in November will reach a decisive moment.
• Contradictory signals from momentum indicators: The MACD histogram has crossed below the signal line, which is usually a sign of an early downward trend; however, the RSI remains close to the historical bottom around 33, suggesting limited downside potential.
• Short-term risks and upside targets: If it falls below the 175 USD support level, it could trigger a 30% pullback to 120 USD; however, if it can hold this level, SOL is expected to be ready for the next breakout attempt.

Breakthrough resistance level and long-term rise potential: The thousand yuan target is not out of reach.

Technical analysis indicates that the next major upward movement of Solana's price will be marked by a突破关键resistance level. Deep market participation will provide support for grander targets.

(Source: TradingView)

• Core breakout threshold: $300 is the next key breakout threshold. Successfully converting this resistance level into a support level may signal the beginning of a new upward trend, with an initial target pointing to $500, implying a potential rise of 185%.
• Institution-empowered super target: Considering that Solana has begun to enter corporate balance sheets and increased institutional exposure through Spot ETFs, the super cycle of prices may extend to 470%, pushing Solana's price towards $1,000.
• Operational Suggestion: The current technical structure and institutional capital inflow indicate that the risk-reward ratio leans towards bullish. Investors can pay attention to the buying momentum around $175 and use it as a reference point for measuring short-term risk exposure.

Conclusion

The Solana market is entering a “Great Age of Exploration” for institutional funds. New compliant products like BSOL are not only channels for capital inflow but also strong recognition from Wall Street of Solana's long-term value and staking yield model. The technical analysis shows there is short-term volatility risk, but once the main resistance level is effectively overcome, the massive institutional demand may reshape SOL's price discovery process and accelerate its value return.