Solana ETFs Draw $44 Million as Bitcoin Funds Bleed $191 Million

Summary

Investors shifted $44 million into Solana ETFs, marking a fourth consecutive day of inflows and bringing total assets above $502 million, while Bitcoin and Ethereum ETFs suffered massive outflows of $191.6 million and $98.2 million respectively. The rotation is driven by demand for staking yields and new market narratives, highlighted by Bitwise’s Solana ETF’s 4.99% daily gain and the launch of a Solana Staking ETF promising around 7% yield. Analysts expect the momentum to continue next week unless broader macro volatility intervenes, with further developments such as Grayscale’s pending Solana ETF conversion on the horizon.