Solana ETFs See Fourth Consecutive Day of Inflows
Market participants observe a capital rotation trend as investors move funds from Bitcoin and Ethereum products into Solana-focused investment vehicles. The Bitwise Solana ETF led new capital inflows with a 4.99% daily increase.
Bitcoin and Ethereum ETFs Experience Outflows
- Spot Bitcoin ETFs recorded $191.6 million in daily net outflows, continuing a week-long pattern of profit-taking.
- The funds declined by $488.43 million on Thursday and $470.71 million the day before.
- Spot Ethereum ETFs saw $98.2 million in outflows, bringing cumulative inflows down to $14.37 billion.
- Ethereum ETFs lost $184.3 million on Thursday and $81.4 million on Wednesday as capital shifted elsewhere.
Expert Insights on Market Dynamics
Vincent Liu, chief investment officer at Kronos Research, explained, "Solana ETFs surge on fresh catalysts and capital rotation as Bitcoin and Ethereum see profit-taking after strong runs."
Liu added that this rotation reflects a growing appetite for new narratives and staking-driven yield opportunities. He expects Solana's momentum to continue into next week, with capital rotation persisting while major cryptocurrencies pause. However, he warned that extreme volatility could arise if macroeconomic news disrupts current market trends.
New Solana Staking ETF Launch
Bitwise introduced its Solana Staking ETF on Tuesday, starting with $222.8 million in assets under management. The ETF offers investors exposure to Solana combined with an estimated 7% staking yield and leads a new wave of crypto ETFs entering the market this week.
Author's Summary: Capital flows shift from Bitcoin and Ethereum ETFs to Solana-focused funds, driven by fresh catalysts and demand for staking yields amid evolving market trends.