Solana Attracts Institutional Funding as Investment Exceeds $250 Million

Blackrock’s BUILDL fund has seen a surge in investment within the Solana ecosystem, reaching over $250 million recently. This comes on the heels of growing institutional interest and liquidity fueled by the easing of Federal Reserve rate cuts. This activity is reflected by increased inflows into Solana ETFs from Grayscale and Bitwise. These funds have experienced positive flows since their debut, signaling confidence among institutions despite a turbulent market environment.