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.
2Investment advisors were the largest buyers, accounting for over $270 million in purchases.
3Hedge fund managers contributed $186 million to the total inflows.
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.