Key Insights:
- Solana draws $70M ETF inflows in five days, defying price drops and market outflows.
- Bitcoin and Ethereum ETFs saw $323M in combined losses during the same trading window.
- Institutional buyers favor Solana’s network speed, reliability, and growing developer activity.
Solana-based ETFs gained $70.2 million in inflows between October 21 and October 25. This marked the largest five-day total on record for Solana ETF products, despite the token’s price moving lower during the same time.
Bitwise’s $SOL fund brought in $66.5 million, leading the inflows. This made Solana one of the few crypto assets attracting institutional capital while most of the market saw withdrawals. The steady inflows helped maintain price support and signaled growing attention toward the Solana network.
Bitcoin and Ethereum ETFs Report Large Outflows
While Solana funds brought in new capital, Bitcoin and Ethereum ETFs recorded a combined $323 million in outflows. Bitcoin accounted for more than $200 million of that total. Ethereum funds saw $123 million in withdrawals.
Traders appear to be taking profits after Bitcoin’s recent move above $108,000. Ethereum is facing weaker demand amid regulatory concerns and a slow path toward spot ETF approval. The contrast in fund flows suggests a shift in investor interest.
Institutional Focus on Network Stability and Growth
Solana’s growing appeal is linked to recent improvements in network performance. The blockchain has experienced minimal downtime over the past few months. This has added confidence for investors who are closely watching project reliability.
At the same time, activity across Solana-based DeFi and NFT platforms continues to rise. Developer momentum on the network is also gaining pace. Some investors see this growth as a sign of Solana becoming a more stable platform for new applications.
Capital Rotation Toward Alternative Crypto Assets
The move into Solana comes as part of a wider shift in how funds are being allocated. Some institutional investors appear to be exploring beyond Bitcoin and Ethereum in search of newer opportunities.
“Solana seems to be attracting capital while others face outflows, but it’s unclear how long that continues,” said one analyst. Even with questions around long-term performance, the recent inflows suggest Solana is gaining ground in portfolios that were once heavily weighted toward older assets.
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Source: https://coincu.com/analysis/solana-etf-inflows-hit-70m/
