Solana ETFs Outperform Bitcoin and Ethereum Amid Market Crash

Despite a significant market crash that wiped over $120 billion off the crypto market capitalization and caused Bitcoin ETFs to see $483 million in net outflows, Solana spot ETFs surprisingly recorded $3.08 million in net inflows. This divergence highlights SOL's ability to attract capital even in risk-off conditions, suggesting strong holder conviction that hasn't cracked. On-chain data supports this, showing relatively steady new address growth on the Solana network. Currently trading around $127, SOL is defending the key $125 support zone, and its relative strength suggests a potentially quicker bounce compared to other large-cap assets if market conditions improve.

(Source：BeInCrypto)