Solana ETFs record 7-day inflow streak despite price slump
Solana ETFs saw a seven-day inflow streak totaling $674 million, even as SOL's price declined significantly.Summary
Solana (SOL) exchange-traded funds (ETFs) recorded a seven-day streak of inflows, culminating in a total net inflow of $674 million, according to Farside Investors data. This occurred despite a notable downward price performance for SOL and a broader crypto market downturn. The first SOL ETF launched in July, followed by Bitwise’s in October, signaling continued interest from institutional and traditional finance investors. However, SOL's price has struggled, falling nearly 55% from its all-time high of about $295 reached in January. The token is trading well below its 365-day moving average and faces resistance between $140-$145, even as US financial markets are reportedly poised to move onchain, according to SEC Chair Paul Atkins.
(Source：Cointelegraph)