Solana Bets Return: VanEck’s VSOL Pulls in Fresh Capital Despite Price Slump
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The VanEck Solana ETF, VSOL, attracted fresh inflows of $1,278,510 on January 22, 2026, marking a notable vote of confidence in the Solana ecosystem after a volatile stretch for the underlying token. The latest flow represents roughly 4.54% of the fund’s assets under management, which now stand at $28.18 million, a sizable single-day adjustment for a niche crypto-linked product.
The related asset, SOL-USD, is currently trading around $126.91, having shed about 34.1% over the past three months. That drawdown underscores the ongoing risk-off tone across parts of the digital asset market, where higher-beta tokens like Solana have been hit harder than mega-cap peers. Yet, even as spot performance has sagged, ETF investors appear to be using VSOL as a vehicle to average into weakness or position for a potential rebound.
From a short-term perspective, technicals remain cautious: the one-day signal on Solana screens as a Sell, reflecting pressure on momentum indicators and limited immediate buying conviction in the spot market. The contrast between negative technicals and positive ETF flows suggests a growing divide between traders focused on near-term price action and allocators taking a longer-term view on Solana’s network growth and role in the broader smart-contract and DeFi landscape.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.