Solana ETFs Post Second-Biggest November Inflows as Demand Grows During Downturn
Summary
Spot Solana (SOL) exchange-traded funds (ETFs) have demonstrated sustained investor demand, extending their inflow streak to 17 consecutive days since launching on October 28, with no net withdrawals recorded. On Wednesday, the funds added $48.5 million, bringing cumulative net inflows to $476 million, with Wednesday's inflow being the second largest in November. This uninterrupted positive flow contrasts sharply with established Bitcoin and Ether ETFs, which experienced significant net outflows in November—approximately $2.96 billion for Bitcoin ETFs and $107 million for Ether ETFs. Bitwise's BSOL led the recent inflows with $35.9 million. These consistent inflows into Solana ETFs suggest a growing appetite for exposure to the token, even as the broader crypto market, represented by the CoinDesk 20 Index (CD20), has recently declined by 12%.
(Source:CoinDesk)