Solana ETFs Hit 18 Straight Days of Cash Inflows!
Solana ETFs have seen positive net inflows for 18 days in a row. This marks a first for the crypto space. These funds launched in early November. They have pulled in more than $500 million so far. That has drawn big interest from institutions. The market still feels the pain from the 2022-2023 downturn. Yet this strong run hints at Solana's fresh role in crypto investments.
A glowing Solana logo hovers at center stage. It draws steady streams of energy and coins into a high-tech cosmos. Excited traders look on.
Quick Facts Solana ETFs post 18 days straight of gains in flows. No other crypto fund has done this. Investors added almost $500 million since the start. Bitwise's BSOL fund took in $444.1 million by itself. Big names kicked it off: Bitwise, Grayscale, 21Shares, Fidelity, and VanEck. Daily gains show steady interest from big money managers. This holds true right after launch.
Solana ETFs Set Record with Non-Stop Inflows Solana ETFs started trading on November 3. From then until November 20, they saw positive net flows every day for 18 straight sessions.
Over two weeks, $500 million poured in. Bitwise's BSOL led the pack with $444.1 million. That made up almost 90% of all inflows.
Big money kept coming each trading day. BSOL saw its top days on key dates.
Bitwise pulled way ahead of rivals. Still, others helped build the total.
Issuers seeded the funds at launch. Bitwise put $222.9 million into BSOL. 21Shares added $111 million to TSOL. Grayscale gave $102.7 million to GSOL. Fidelity's FSOL and VanEck's VSOL got smaller starts.
This jumpstart fueled daily gains. Even old-school ETFs rarely see such steady action from day one.
Big Institutions Show Faith The raw dollars grab attention. But the players behind them seal the deal.
Fidelity's FSOL added $9.8 million. Grayscale's GSOL gained $41.1 million. VanEck's VSOL took $3.5 million. 21Shares' TSOL got $1.2 million. Top finance firms jumping in sends a clear message.
Numbers aside, demand points to real change. Solana shakes off old doubts from network glitches.
Its fast speeds, cheap fees, and push into tokenizing real assets draw pros back. The ETF timing hit during a market rebound. That boosted SOL as a key pick in shifts.
Solana holds firm even as Bitcoin ETFs lose billions. This steady SOL flow shifts market patterns. Can it last, or is it just a short break in rough times?