Solana price weighs ETF outflows against network progress
Published on 11/03/2026 at 13:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSDemand Signals Meet Network Progress
- SOL traded at 91.85 USD at 08:08 UTC on November 3, 2026, down 0.43% from the 92.25 USD level recorded at 00:00 UTC.
- U.S. spot Solana ETFs recorded no net flows on November 2, while five-session combined outflows reached 63.4 million USD.
- Solana's distributed real-world-asset value reached 5.12 billion USD, up 17.65% over 30 days but below the October 29 record.
Solana price was 91.85 USD at 08:08 UTC on November 3, according to Kinzan. Against the 92.25 USD level recorded at 00:00 UTC on the same date, SOL was down 0.43%. The token traded between 91.39 USD and 94.51 USD over the preceding 24 hours. The comparison uses the UTC day reference rather than a rolling 24-hour percentage.
ETF demand remains a headwind
U.S. spot Solana exchange-traded funds recorded zero net flows on November 2, according to TokenPost. Across the five latest trading sessions, the seven funds recorded combined outflows of 63.4 million USD. Their cumulative net flows since launch stood at 1.46 billion USD, a longer-term figure that is not directly comparable with the five-session outflow total.
The flat daily reading therefore did not reverse the recent pattern of withdrawals. For investors, the data point to a distinction between continued product adoption since launch and weaker near-term fund demand. It does not, by itself, establish a cause for the token's price movement.
Real-world assets offer a counterpoint
TokenPost reported that Solana's distributed real-world-asset value stood at 5.12 billion USD on November 3, up 17.65% over 30 days. The measure was below the October 29 record of 5.19 billion USD. The same report counted 862,792 holders and 16.15 billion USD in transfer volume over 30 days, while represented assets totaled 125.86 million USD. These are separate measures and should not be treated as interchangeable.
This activity provides a constructive network-use signal, but it does not remove the market's immediate sensitivity to ETF flows and broader crypto risk appetite. The Solana price remained below 100 USD in the cited market readings, leaving demand confirmation important for any sustained recovery.
Development continues
In its October 29 changelog, the Solana Foundation listed the release of offchain message signing and updates including Agave v4.4.0 and Firedancer mainnet release v26.10.5. The update also described ongoing work on validator performance, transaction formats and developer tooling. Those releases support the protocol's infrastructure, but the changelog does not provide a direct price outlook.
Investors are consequently weighing improving application and infrastructure indicators against a weaker short-term flow backdrop. SOL trades around the clock, so the quoted level is a dated market observation rather than a session close.
More Solana coverage is available on the Solana topic page.
