Solana’s ETF inflows are a supportive signal, but they aren’t the marginal price setter for the token, one expert explained. Solana spot ETFs have yet to record weekly outflows since their listing, yet the price of the token has been in a downswing. “Even this month, we’re talking about single-digit millions of daily net flow into SOL ETFs, while SOL trades billions per day,” Shockey added. The token’s 24-hour trading volume is roughly $5.3 billion across all venues tracked by data analytics firm CoinGecko. Meanwhile, traders on crypto perpetuals exchange Hyperliquid generated $430 million in 24-hour trading volume for the token.