Solana ETF Sees Strong Inflows Amidst Bitcoin and Ethereum Outflows

A notable shift occurred in the cryptocurrency ETF market on October 30th as Solana’s spot ETFs experienced a surge in inflows, totaling $155 million. This contrasts with the substantial outflows seen for both Bitcoin and Ethereum ETFs, highlighting potential investor shifts within the market. While institutional investors are opting to lock in profits or hedge against volatility in traditional cryptocurrencies like Bitcoin and Ethereum, Solana is attracting significant interest from these funds seeking faster blockchain performance and promising DeFi growth.