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US spot Solana ETFs report 10th consecutive day of net inflows

The Block
U.S. spot Solana ETFs recorded their tenth straight day of net inflows, totaling $6.78 million on Monday.

Summary

U.S. spot Solana exchange-traded funds (ETFs) achieved their tenth consecutive day of net inflows on Monday, with total inflows reaching $6.78 million, according to SoSoValue data. Bitwise's BSOL led with $5.92 million, while Grayscale's GSOL saw $854,480. Since the launch of BSOL on October 28, the two funds have attracted a cumulative $342.48 million in net inflows, despite Monday's inflow being the lowest daily figure since their debut. Analysts suggest investors view these ETFs as a "high-beta" complement to Bitcoin and Ethereum ETFs, accepting volatility for potential ecosystem exposure. Sustained inflows are expected to provide durable price support for SOL by tightening supply dynamics.

(Source:The Block)