Solana (SOL), similar to other leading cryptocurrencies, is currently in the green, up 3% in the last 24 hours. The coin is trading above $89 on Friday as bullish momentum builds. The bullish momentum is supported by growing institutional demand for Solana exchange-traded funds (ETFs). The derivatives data also paints a bullish picture, with the momentum indicators adding further confluence to the narrative. Institutional investors increase demand for SOL SOL is trading close to $90 per coin as institutional demand for Solana products has increased over the past few days. According to SoSoValue, spot SOL ETFs recorded an inflow of $3.92 million on Thursday after a $1.66 million inflow the previous day.