Spot Solana ETFs log 20 consecutive days of net inflows since debut
Spot Solana ETFs have seen 20 straight days of net inflows, totaling $568.24 million since their late October launch.Summary
U.S. spot Solana exchange-traded funds (ETFs) have experienced a significant 20-day streak of net inflows, beginning shortly after their launch in late October. On Monday, these ETFs recorded $58 million in net inflows, with Bitwise’s BSOL leading at $39.5 million. The total inflows to date reach $568.24 million, representing approximately 1.09% of Solana’s (SOL) market capitalization, with total net assets of $843.81 million. Industry analysts, like Nick Ruck at LVRG Research, attribute this success to Solana’s growing recognition as a mature, blue-chip asset attracting sophisticated investors. Despite recent selling pressure on Solana’s token price, ETF inflows are expected to provide support and potentially drive a rebound. Additionally, traditional financial entities are increasingly tokenizing assets on the Solana network, and spot XRP ETFs also saw substantial inflows of $164 million on Monday. The first spot Dogecoin ETF, GDOG, debuted with zero net flows on its first day.
(Source：The Block)