Spot Solana Exchange-Traded Funds (ETFs) continue to attract significant investor interest, marking their fourth consecutive day of inflows amid a notable “capital rotation” away from Bitcoin and Ether funds.
According to data from SoSoValue, spot Solana (SOL) ETFs added $44.48 million on Friday alone, pushing cumulative inflows to $199.2 million. Total assets under management for these funds now exceed $502 million. Leading the charge was the Bitwise Solana ETF (BSOL), which contributed the bulk of this new capital and posted a strong 4.99% daily gain.
In contrast, spot Bitcoin (BTC) ETFs experienced $191.6 million in net outflows on the same day, continuing a week-long trend of profit-taking. The funds recorded outflows of $488.43 million on Thursday and $470.71 million the day before. Similarly, spot Ether (ETH) ETFs also posted $98.2 million in outflows, bringing their cumulative inflows down to $14.37 billion. These funds had previously resisted outflows of $184.3 million on Thursday and $81.4 million on Wednesday.
**Solana ETFs Gain Momentum Amid Capital Rotation**
This shift toward Solana ETFs reflects broader market dynamics described by participants as a “capital rotation.” Vincent Liu, Chief Investment Officer at Kronos Research, shared insights with Cointelegraph, noting the growing appetite for new narratives and staking-driven yield opportunities.
“Solana ETFs are surging on fresh catalysts and capital rotation, as Bitcoin and Ether see profit-taking after strong runs,” Liu explained. “The shift signals rising appetite for new narratives and staking-driven yield opportunities.”
Analysts believe Solana’s momentum may continue into the coming week, especially as Bitcoin and Ether consolidate. Liu added, “Solana momentum may extend next week, with rotation staying alive while majors pause, unless macro news sparks extreme volatility.”
**New Crypto ETFs Enter the Market**
Adding to this momentum, a wave of new crypto ETFs is entering the market this week. Leading the pack is Bitwise’s Solana Staking ETF (BSOL), launched on Tuesday with $222.8 million in assets. This ETF offers investors exposure to Solana (SOL) alongside an estimated 7% staking yield.
Other new entrants include Canary’s Litecoin (LTC) and Hedera (HBAR) ETFs. Additionally, Grayscale’s Solana Trust is anticipated to convert into an ETF soon. Notably, Hong Kong recently approved its first spot Solana ETF last week, signaling broader international interest.
As investors continue to explore altcoins and staking opportunities, Solana ETFs are clearly gaining traction as a favored vehicle amidst evolving market conditions.
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