Markets
What to know:
- U.S. spot solana ETFs have experienced inflows for the 17 consecutive days since their debut last month.
- The ETFs have amassed a total net inflow of $476 million, with a notable single-day inflow of $48.5 million on Wednesday.
- Unlike solana, spot bitcoin and ether ETFs have faced significant outflows, highlighting a shift in investor interest.
Well now, U.S. spot solana ETFs have stretched their inflow streak to 17 days straight, like a river of greenbacks dancing into their coffers since they kicked off Oct. 28. By the skin of their teeth, they’ve avoided a single withdrawal-what a spectacle! 🎉
Wednesday’s performance? A tidy $48.5 million waltzed in, bringing the grand total to $476 million. That’s the second-largest monthly splash, if you’ll pardon the pun. Farside data must be chuckling all the way to the bank. 💰
This merry parade of inflows-now the longest such streak among crypto ETFs this year-comes just as the old guard, bitcoin and ether, are shedding investors like a bad habit. One might say the crowd’s trading their old dogs for a shiny new pup. 🐾
November alone? Bitcoin ETFs bled $2.96 billion in outflows, while ether ETFs lost $107 million. Farside’s ledger must be weeping into its coffee mug. ☕
Bitwise’s BSOL led the charge with $35.9 million, while Grayscale’s GSOL added $12.6 million. Fidelity (FSOL) and VanEck (VSOL) chimed in with smaller sums-like polite guests at a feast. 🍽️
All this cash is flowing into solana even as the crypto market stumbles, like a bull in a china shop. The CoinDesk 20 Index has dropped 12% in seven days. But hey, what’s a little turbulence when you’ve got a rocket ship? 🚀
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2025-11-20 19:53