Solana spot ETFs recorded a $3.28 million net inflow on Monday, May 4. This marks the first positive flow for the investment products since April 23.
The renewed institutional demand follows a period of minor outflows and cautious trader repositioning. The underlying SOL token is currently approaching a key technical resistance level near $86.
On-chain metrics and derivatives data support a potential bullish shift. Solana’s long-to-short ratio reached its highest level in over a month, indicating that traders are increasingly betting on a price rally.