Solana ETF Records 21 Consecutive Days of Net Inflows

Solana spot ETFs have achieved 21 consecutive days of positive net inflows, accumulating $613 million in total net assets, which are approaching $918 million. This consistent, multi-million-dollar daily inflow streak, which began on October 28, demonstrates robust institutional demand despite recent price volatility for SOL. The Bitwise Solana Staking ETF (BSOL) has been a major driver, exceeding $500 million in assets under management quickly. Furthermore, the impending launch of a Solana spot ETF by Franklin Templeton, which filed with a competitive 0.19% management fee, signals expanding institutional interest and validates the blockchain's appeal. Despite the strong institutional accumulation, reflected in exchange outflows into ETF custody wallets, SOL's price experienced downward pressure in November, suggesting a possible re-accumulation phase. Analysts note that ETF purchases often lag in affecting visible spot prices, and while momentum is strong, factors like regulatory shifts and recent security incidents, such as the Upbit Solana hack, could introduce short-term volatility.

(Source：BeInCrypto)