Solana ETFs Boom as Capital Flows Shift to Newer Opportunities

Spot Solana exchange-traded funds (ETFs) experienced a wave of inflows, marking their fourth consecutive day of positive investment activity this week. As per Cointelegraph, the funds added $44.48 million on Friday, bringing cumulative inflows to $199.2 million and total assets past $502 million. This surge was driven by the Bitwise Solana ETF, which saw a 4.99% daily increase, highlighting strong investor demand for this recently launched product. Meanwhile, Bitcoin and Ethereum funds experienced contrasting trends, with Bitcoin ETFs facing outflows of $191.6 million and Ethereum ETFs witnessing withdrawals totaling $98.2 million.