This crypto bear market has been especially rough for Solana (SOL +0.95%), which is down 76% from its all-time high set in late January 2025. And yet under the surface, there’s a very positive trend that’s been going strong since late last year.

Let’s take a look and evaluate how it could help the case for buying this asset while it’s priced low.

Image source: Getty Images.

What the data are saying here

Since spot Solana exchange-traded funds (ETFs) launched in late October 2025, every month has seen net capital inflows into the funds despite the price of the underlying coin falling, which is a pretty good trend.

Cumulative Solana ETF inflows are now $1.1 billion, with May 2026 alone pulling $115 million. The Bitwise Solana Staking…