Solana ETFs Draw $200M Inflows Amidst Price Decline

The U.S. witnessed the debut of spot Solana ETFs last week, attracting significant institutional capital and highlighting growing confidence in the asset. These ETFs, launched by Bitwise, Grayscale, and Canary Finance, received a strong $200 million inflow during their initial week, showcasing their appeal to seasoned investors. While this demonstrates Solana’s emergence as a prominent crypto asset, the price of Solana dropped 8% despite the influx of capital. This dynamic underscores the complex interplay between institutional demand and market volatility.