US Spot Solana ETFs Record $200M Inflows In Debut Trading Week — Details

The spot Solana ETFs (exchange-traded funds) join the Ethereum funds as the second spot altcoin-linked investment products to hit the US market in recent years. Interestingly, the latest market data shows that the exchange-traded funds have made a strong start to life, recording significant inflows in the first few trading ￰0￱ Solana ETFs Reach $500 Million Net Assets In Single Week According to data from SoSoValue , the two US-based spot Solana ETFs registered a total net inflow of $199.21 million in their first week of ￰1￱ influx of capital reflects the optimism and growing demand for crypto-linked investment products in one of the largest global financial ￰2￱ week’s star performer was Bitwise’s Solana Staking ETF (with the ticker BSOL), which recorded positive inflows in the first four trading ￰3￱ Friday, October 31st, the exchange-traded fund posted a total net inflow of roughly $44.5 million, bringing the debut week’s performance to over $197 ￰4￱ analyst Eric Balchunas said about the Bitwise Solana ETF performance: What a week for $BSOL, besides the big volume, it led all crypto ETPs by a country mile in weekly flows with +$417m ($IBIT had a rare off week, it’ll be back).

It also ranked it 16th in overall flows for the ￰5￱ time ￰6￱ Grayscale’s Solana Trust (GSOL) didn’t record any activity on Friday, it closed the week with a total net inflow of about $2.18 ￰7￱ is worth noting that the Grayscale fund launched a day after Bitwise’s spot Solana ETF, but both exchange-traded funds have a total net asset of over $500 ￰8￱ the impact of spot Bitcoin and Ether ETFs on the assets’ prices, it would be interesting to see how the performance of the Solana ETFs affects SOL’s price in the coming ￰9￱ of this writing, the price of Solana stands at around $185, reflecting a more than 4% decline in the past seven ￰10￱ For Bitcoin And Ether ETFs Slows Down The US-based Bitcoin and Ether ETFs registered unconvincing performances in the past week, as investor sentiment in the market seems to worsen by the ￰11￱ Bitcoin exchange-traded funds posted a total net outflow of over $607 million in the past week.

Meanwhile, the Ether ETFs snapped their streak of consecutive outflow weeks with a positive weekly influx of over $114 million. Nevertheless, it is worth mentioning that these crypto-linked investment products still ended the month of October with net positive inflows.