Smart Money Keeps Buying Solana Despite 20% SOL Price Drop
Despite a 20% price drop, Solana ETFs have seen 11 consecutive days of institutional inflows totaling $351 million.Summary
Despite Solana's price falling over 20% in 11 days, institutional investors continue to accumulate Solana ETFs, marking 11 consecutive days of inflows totaling $351 million across Bitwise's BSOL and Grayscale's GSOL funds. This divergence suggests that while retail traders are booking profits, 'smart money' is building cautious, long-term exposure to SOL. Further bolstering institutional confidence, the New York Stock Exchange (NYSE) has launched options trading for Solana ETFs ($GSOL and $BSOL), providing institutional-grade tools for risk management and price discovery. This development positions Solana as a maturing financial asset. Meanwhile, Solana's ETF success is fueling speculation that XRP and Dogecoin ETFs may follow, with one analyst predicting an XRP ETF could outperform Solana's trajectory due to its liquidity and regulatory clarity.
(Source：BeInCrypto)