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Solana traded near USD 122.00 after rising 1.18% over 24 hours, alongside Bitcoin’s 1.38% gain. US spot Solana exchange-traded funds continued attracting money after their record week, adding USD 5.44 million on September 29.
The latest daily inflow followed USD 12.70 million on September 28, bringing the two-session total to USD 18.14 million. Meanwhile, Circle minted USD 250 million in USDC on Solana as the token traded above its seven-day moving average.
US spot Solana ETFs recorded USD 5.44 million in net inflows on September 29, down from USD 12.70 million a day earlier. Trading value also declined to USD 78.73 million from USD 90.43 million across the same sessions.
Cumulative net inflows stood at approximately USD 1.62 billion on September 29. Total net assets reached USD 1.94 billion, compared with USD 1.93 billion on September 28. Net assets reflect the value of fund holdings, while net inflows measure subscriptions after withdrawals.
The continued inflows totaled approximately USD 188 million during the week ending September 25. All seven funds attracted money during that period, according to figures shared by Solana’s official account.
Bitwise’s BSOL collected approximately USD 128 million, or 68% of the weekly total. Grayscale’s GSOL received USD 28 million, while Fidelity’s FSOL added USD 18 million. Morgan Stanley, VanEck, Franklin Templeton and 21Shares accounted for the remaining USD 14 million.
September 25 delivered USD 86.67 million in net inflows and USD 202 million in trading value. Although inflows continued into the new week, both subsequent sessions attracted less money than Friday. Fund assets also remained below September 25’s USD 1.96 billion.
CoinMarketCap’s Altcoin Season Index increased from 45 to 60 over the past week. The 15-point rise represented a gain of roughly 33%, reflecting stronger altcoin performance relative to Bitcoin.
However, the index measures price performance rather than direct transfers of investment capital. Solana’s daily advance remained slightly below Bitcoin’s gain, with both assets moving higher during the same period.
Separately, Circle minted 250 million USDC through USDC Treasury on Solana. TokenPost reported that the transaction occurred at 9:37 p.m. Eastern Time on September 29, equivalent to 01:37 UTC on September 30.
The issuance increased the stablecoin supply available on the network. It does not confirm that holders spent those tokens on SOL. Subsequent transfers and trading activity would show how the newly issued USDC entered use.
Solana’s seven-day simple moving average stood at USD 118.94, below its market price. Immediate support remained near USD 117.30, followed by USD 117. The resistance range stood between USD 127.50 and USD 128.
Below support, USD 112.50 remained a lower technical reference point. These levels describe areas to monitor rather than confirmed price outcomes. SOL continued trading between nearby support and resistance after its daily gain.
Meanwhile, developers tested Alpenglow, an upgrade designed to shorten transaction finality from approximately 12.8 seconds to nearly 150 milliseconds. Finality marks the point when the network considers a transaction irreversible.
Alpenglow reached a second public testing environment on September 25. The faster settlement time remains a target, and the September 28 update left the mainnet launch date open. Testing therefore continued alongside the latest ETF subscriptions and stablecoin issuance, without a confirmed deployment schedule for the live network.
Also Read: How Solana is Expanding into Institutional Payments
