Spot Solana’s exchange-traded funds (ETFs) continue to attract investor interest, marking the fourth straight day of inflows amid a “rotation of capital” from Bitcoin and Ether funds.
according to Data From SoSoValue, Solana Spot (Sol) ETFs added $44.48 million on Friday, bringing cumulative inflows to $199.2 million and total assets to more than $502 million. The Bitwise Solana ETF (BSOL) led the charge, contributing the bulk of the new capital with daily gains of 4.99%.
In contrast, spot Bitcoin (Bitcoin) ETFs saw $191.6 million in daily net outflows on the same day, continuing a week-long profit-taking trend. The funds saw outflows of $488.43 million on Thursday and $470.71 million the day before.
ether spot (EthereumETFs also recorded outflows of $98.2 million, reducing their cumulative inflows to $14.37 billion. The funds lost $184.3 million on Thursday and $81.4 million on Wednesday.
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Solana ETFs are gaining momentum
The shift toward Solana ETFs comes amid what market participants describe as “capital turnover.” Vincent Liu, chief investment officer at Kronos Research, told Cointelegraph that this trend highlights a growing desire for new narratives and betting-based return opportunities.
“Solana ETFs are rising on new catalysts and capital rotation, with Bitcoin and Ether seeing profit-taking after strong runs,” Liu said. “This shift indicates an increased appetite for new narratives and mortgage-based return opportunities.”
Analysts suggest that Solana’s momentum may continue over the next week as Bitcoin and Ethereum consolidate. “Solana’s momentum may extend next week, with the rotation alive while the majors pause, unless macro news triggers extreme volatility,” Liu added.
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New cryptocurrency ETFs are hitting the markets
A new wave of cryptocurrency ETFs is hitting the market this week, led by Bitwise’s Solana Scking ETF (BSOL), which It launched on Tuesday with $222.8 million in assets and provides investors exposure to Solana (Sol) with an estimated return of 7%.
Several other boxes They also enter the marketincluding the canary currency Litecoin (ltc) and Hadera (HBAR) ETFs, along with the expected conversion of Grayscale’s Solana Trust into an ETF. Meanwhile, Hong Kong Agreed to first spot Solana ETF Last week.
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