Solana ETFs Defy the Downtrend, Surpass $300 Million in Inflows

The crypto market continues to merge with traditional finance, and one of the most notable trends in this convergence is the growing popularity of ETFs.

Since their debut on October 28 in the United States, Solana spot ETFs have demonstrated remarkable resilience. Over the past ten trading days, these ETFs have not recorded a single negative day. Even amid last week’s sharp crypto market declines, Solana ETFs maintained positive performance, attracting $6.7 million in inflows on the most recent trading day alone. In total, net investments in Solana ETFs have exceeded $342 million in just ten days. Currently, U.S. investors can access these ETFs through Bitwise (BSOL) and Grayscale (GSOL).

LVRG Research’s executive Nick Ruck told The Block that Solana ETFs have significantly outperformed expectations. “Before the launch, forecasts anticipated only modest investment due to technical risks and regulatory uncertainties. However, actual inflows have far exceeded those expectations,” he noted.

The previous Wednesday, the two Solana ETFs together received $70 million in a single trading day, further highlighting investor confidence. Bloomberg ETF analyst Eric Balchunas commented, “This is an impressive figure and a very positive signal for the market.”

Besides Solana, other ETFs approved during the U.S. government shutdown include HBAR and Litecoin. HBAR ETFs accumulated $70 million in ten trading days, while Litecoin ETFs attracted $2.5 million over the same period.

The strong performance of Solana ETFs demonstrates that investor interest in crypto-linked financial products remains robust, even amid market volatility.
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