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CryptoMediumUpdated×5•Originally published 10 March 2026•Updated 10 March 2026•

1 min read

Goldman Sachs Joins Solana ETF Holders Amid Warnings of Potential Correction

Key Facts

1Wall Street institutional investors funneled $540 million into US-based spot Solana ETFs during the fourth quarter.

3 months ago

Version History

Version 53 months ago

What changed: Identified Goldman Sachs as a major Solana ETF holder and introduced a technical warning regarding a potential price correction to $59.

Version 43 months ago

What changed: Added the specific timeframe for institutional inflows (Q4) and attributed the data to Bloomberg analyst James Seyffart.

Version 33 months ago

What changed: The story was updated to include specific institutional participation metrics (30 firms), the total dollar value of ETF holdings ($540M), and a price update to the $87 level.

Version 23 months ago

What changed: New data indicates that Solana's ETF adoption is outperforming Bitcoin's in relative terms (percentage of market cap), shifting the technical focus toward a potential $100 price target.

Version 13 months ago

What changed: Updated the story to include the price surpassing the $80 threshold and the 76% surge in trading volume to $4 billion.

Bloomberg data reveals that 30 major institutions invested $540 million into Solana (SOL) ETFs during the fourth quarter. Goldman Sachs has been identified as a key participant, significantly bolstering the asset's institutional credibility on Wall Street. These inflows reached 2% of Solana's market cap, a ratio that notably surpasses historical records set by Bitcoin. While the price remains stabilized around $87 with $4 billion in trading volume, new technical risks have emerged. Technical analysts are now warning of a potential price correction that could see SOL drop to the $59 level. The current market sentiment reflects a tug-of-war between robust institutional adoption and short-term technical volatility.