Spot Solana ETFs recorded seven consecutive days of positive capital flows. These products attracted $19.07 million in net inflows on Tuesday, May 12th. This follows $26.57 million in net inflows recorded the previous day. Institutional demand continues to signal a bullish outlook for the asset.
Derivatives market data reflects this positive sentiment through positive funding rates. Traders are primarily positioning for a price increase. The Solana long-to-short ratio is currently nearing a one-month high. Market participants show growing optimism regarding the asset's near-term trajectory.