Solana ETFs attract $44 million while Bitcoin sees outflows.
- Solana ETFs receive a total of $199 million in inflows.
- Investors are migrating capital from Bitcoin and Ethereum.
- Bitwise Solana ETF offers a staking yield of 7%.
Solana index funds (ETFs) maintained the interest of institutional investors, even with a slight correction in the asset's price. According to data from Farside Investors, products linked to the cryptocurrency registered inflows of US$ 44,48 million on Friday (1st), raising the accumulated total to US$ 199 million.
Solana (SOL) was trading at around $186,24, down 0,3% at the time of publication. The Bitwise Solana ETF (BSOL) led the movement, rising nearly 5% in a single day, reflecting growing institutional appetite for exposure to the network.
Meanwhile, Bitcoin ETFs faced significant capital outflows, totaling $191,6 million on Friday — the third consecutive day of losses, following redemptions of nearly $490 million on Thursday and $470 million the previous day.
Ethereum ETFs also showed weakness, with outflows of $98,2 million, reducing cumulative inflows to $14,37 billion. This behavior reinforces a shift in investor focus, as they seek new opportunities within the cryptocurrency market.
Analysts describe the movement as an ongoing “capital rotation,” with flows migrating from more established assets, such as Bitcoin and Ether, to emerging networks with greater growth potential. Vincent Liu, investment director at Kronos Research, highlighted that the interest in Solana reflects investors' appetite for alternatives with yield potential.
“Solana ETFs are up due to new catalysts and capital rotation, as Bitcoin and Ether are experiencing profit-taking after strong gains,” Liu stated. “The momentum may persist into next week as major cryptocurrencies consolidate, unless major macroeconomic shocks occur.”
Institutional interest was bolstered by the launch of the Bitwise Solana Staking ETF (BSOL), launched with $222,8 million in assets and an estimated yield of 7% via staking on the Solana network. Furthermore, Grayscale is preparing to convert its Solana Trust into an ETF, and Hong Kong recently approved the first Solana spot ETF, expanding global exposure to the cryptocurrency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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