Solana Sees Record ETF Inflows Amidst Market Volatility
- Bitwise Asset Management recorded a historic $39.5 million single-day inflow into its Solana ETF, the largest since its launch.
- Despite a recent market downturn with $1.94 billion in outflows, Solana’s institutional interest remains strong.
- Solana rebounded from a low of $121.50 to the $135–$140 range, showing a recovery of approximately 14%.
- On-chain activity for Solana increased by 13% over the past month, contrasting with Ethereum’s decline of around 15%.
The significant inflow into Solana’s ETF highlights renewed institutional confidence in high-utility blockchain assets amid broader market volatility. This trend underscores Solana’s resilience and potential for recovery as it maintains key support levels.
With strong ETF demand and increasing on-chain activity, Solana is positioned for further growth if it sustains critical support zones like the $125 level. (Source)
