Solana ETF Inflows Amid Bitcoin and ETH ETF Outflows
Solana ETF inflows have extended over consecutive days even as major Bitcoin and Ethereum spot ETFs saw significant outflows. Data show spot Bitcoin ETFs recorded record redemptions last week amid macro volatility, while Ethereum ETFs faced five days of withdrawals totalling nearly $1 billion. In contrast, investors rotated capital into Solana ETF to capture up to 7 percent in staking rewards and benefit from network upgrades. Products like Bitwise’s BSOL and Grayscale’s GSOL led the surge. The rotation highlights growing demand for altcoin yield-bearing vehicles and portfolio diversification amid tightening liquidity. Traders should monitor weekly crypto ETF flows for signs of continued altcoin rotation or a rebound into Bitcoin and Ethereum funds.
Bullish
The sustained net inflows into the Solana ETF signal stronger institutional interest in SOL exposure. In the short term, this can boost demand for SOL futures and spot holdings, putting upward pressure on SOL prices. Over the long term, the ETF’s focus on staking rewards and network upgrades underpins Solana’s fundamentals, which may attract further capital as investors seek yield-bearing altcoin options amid macro volatility. Combined with potential portfolio diversification inflows, these factors support a bullish outlook for SOL.