Solana ETF Attracts $46.5 Million in Inflows Despite Bitcoin and Ethereum Outflows

A new Solana-focused exchange-traded fund (ETF) has seen significant inflows, attracting $46.5 million on October 29th, despite heavy outflows from Bitcoin and Ethereum ETFs. This suggests a growing interest in Solana amidst shifts in investor sentiment towards the traditional crypto market leaders. While Bitcoin and Ethereum ETFs saw a combined outflow of $470.7 million and $81.4 million respectively, Bitwise’s Solana ETF attracted investors looking for alternative opportunities.