Solana down 57% since July ETF launch despite $1.5B in spot ETF inflows

SOL has declined 57% since the launch of spot ETFs in July, trading near $84.83 as of the latest data. Despite the significant price drop, Solana’s spot ETFs have accumulated approximately $1.5B in net inflows, suggesting institutional interest remains even amid the broader pullback. The divergence between price action and inflow levels indicates a complex investor sentiment around the asset, with some participants maintaining exposure despite near-term headwinds.