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Institutional inflows into digital asset investment products based on Solana spiked last week, particularly as these investment products saw a <a href="https://bitcoinist.com/ethereum-institutional-investors/" rel="nofollow">7th consecutive week of inflows</a>.&nbsp; 
Digital asset investment products have had inflows since the end of September and throughout October, reflecting the bullish sentiment in the broader crypto market. As a result, inflows into Solana have increased steadily, and last week jumped by 15% compared to the week before.&nbsp; 
<h2 id="solana-institutional-inflows-surge">Solana Institutional Inflows Surge</h2> 
Solana has been on an incredible run recently and has had one of the best price gains this month. Solana’s native token SOL has seen its price skyrocket over 160% in the past 30 days alone amidst the wider buying in the crypto industry. The crypto is up by 33% in a 7-day timeframe, despite the ongoing consolidation in Bitcoin, Ethereum, XRP, and a few other cryptocurrencies in the same timeframe. 
According to <a href="https://blog.coinshares.com/volume-157-digital-asset-fund-flows-weekly-report-a8be1d5b3f85" rel="nofollow">CoinShares’s latest weekly report</a> on digital asset funds, inflows into digital asset investment products did not mirror this consolidation, as inflows reached $293 million last week. Solana had around $12.4 million in inflows, up from $10.8 million the previous week. As a result, its year-to-date inflows have now crossed over $120 million.&nbsp; 
On the broader end, total exchange-traded products have now crossed a historic $1 billion mark this year and are now at $1.14 billion. This was particularly fueled by inflows into Bitcoin investment products, which made up around 19% of the cryptocurrency’s total trading volume last week.&nbsp; 
Bitcoin saw inflows totaling $240 million last week, pushing its year-to-date inflows to $1.08 billion. On the other hand, short-bitcoin saw $7 million in outflows, indicating an ongoing positive sentiment. <a href="https://bitcoinist.com/ethereum-institutional-investors/" rel="nofollow">Ethereum also witnessed an inflow</a> of $49 million, while Litecoin and XRP had outflows of $0.3 million and $3.1 million, respectively.&nbsp; 
<h2 id="can-sol-reach-100">Can SOL Reach $100?</h2> 
Solana is now definitely on its way to the $100 mark, as shown by technical analysis and fundamental analysis of strong bullish price action and institutional inflows. Solana is now looking to shake off the deterrence from the <a href="https://bitcoinist.com/ftx-bankruptcy-is-now-one-year-old/" rel="nofollow">FTX fiasco and</a> is now up by <a href="https://www.newsbtc.com/news/solana/solana-520-in-1-year-metric-worrying-for-bulls/">more than 520% since</a> the beginning of the year.&nbsp; 
On-chain data also shows that <a href="https://www.newsbtc.com/news/solana/solana-best-performer-in-tvl/">Solana has grown its DeFi</a> TVL by $136 million since the beginning of November. According to <a href="https://defillama.com/chain/Solana" rel="nofollow">DeFiLlama</a>, the total TVL on DeFi protocols based on Solana now sits at $546 million. 
At the time of writing, Solana is trading at $58, still a long way from its all-time high of&nbsp; $260. However, SOL <a href="https://bitcoinist.com/solana-news-the-price-of-sol-is-predicted-to-surge-80-this-month-analysts-give-their-view/" rel="nofollow">has been predicted to surge</a> more than 80% in November. If the crypto’s momentum keeps accelerating at this pace, a return to the $100 price target seems well within reach.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/yZlJe3Cw/" alt="Solana price chart from Tradingview.com (Institutional investors)" width="2650" height="1742">

Solana Institutional Inflows Surge In One Week, Can The Price Reach $100?

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