Select what genuinely interests you. Your picks feed directly into our editorial planning. What is documented: the US spot ETFs on Solana lost a net $1.18 million on Thursday, November 5, even though the price fell 6.5 percent that day and briefly slipped below the 200-day line. At the same time, the value of all fund holdings, at $1.333 billion, is around $134 million below what investors have paid in net since launch. Our assessment follows further down: investors who do not sell despite a paper loss form a quiet base under the price, and that base is about to be tested in the coming days.