Solana ETF inflows hit 2% of SOL’s market cap, beating Bitcoin’s record
U.S. Spot Solana ETFs have reached nearly $1 billion in inflows, representing 2% of SOL's market cap, in just 18 weeks since their October debut. This milestone was achieved faster than Bitcoin ETFs, which took 55 weeks to reach the same level. Despite the bear market, institutional demand for SOL remains strong, with 50% of assets under control by institutions. Unlike Bitcoin ETFs, Solana ETFs show limited basis trade activity, suggesting inflows are driven by conviction rather than speculation. ETF flows now account for 25% of SOL's price variance. Recent outflows coincided with a price drop, though SOL recovered partially. The Choppiness Index indicates a potential breakout, with key levels at $100 or $78 depending on market direction and ETF flow trends.
ambcrypto11m ago