Solana ETFs see inflows for 4th consecutive day amid ‘capital rotation’ from Bitcoin, Ether funds
Summary
Spot Solana (SOL) ETFs attracted $44.48 million in inflows on Friday, marking the fourth consecutive day of positive capital movement, bringing total assets to over $502 million. This trend is attributed to a “capital rotation” where investors are shifting funds from Bitcoin (BTC) and Ether (ETH) ETFs, which experienced significant net outflows on the same day. Vincent Liu, CIO at Kronos Research, noted that this shift signals a growing appetite for new narratives and staking-driven yield opportunities associated with Solana. Analysts anticipate this momentum may continue next week while Bitcoin and Ether consolidate. The increased interest coincides with the launch of new crypto ETFs, including the Bitwise Solana Staking ETF (BSOL), which offers exposure to SOL with an estimated 7% staking yield.
(Source:Cointelegraph)