Solana-focused investment products experienced their most substantial capital injection in four weeks, drawing significant institutional attention last week. According to the latest data on digital asset fund flows, Solana ETPs (Exchange-Traded Products) attracted a net inflow of $23.6 million during the reporting period, marking the highest inflow recorded for the asset since mid-September.
This robust performance highlights renewed institutional interest in the Layer-1 blockchain, particularly when compared to market leaders. The $23.6 million inflow into Solana accounted for a vast majority of the $28.3 million total capital that flowed into all digital asset investment products globally for the week.
In contrast, Bitcoin investment products saw minor activity, recording inflows of just $2.1 million. Ethereum products, which have faced headwinds recently, continued their trend of marginal outflows, totaling $0.5 million.
Analysts suggest the sharp increase in Solana ETP demand is driven by several factors, including the network’s continued strong performance in decentralized finance (DeFi) metrics, relative price stability compared to highly volatile alternative assets, and growing institutional conviction in Solana’s potential to scale Web3 applications. This latest influx pushes the cumulative year-to-date inflows for Solana ETPs to over $150 million, solidifying its status as the favored altcoin choice among regulated investment vehicles.
Source: Solana ETFs Draw in $23.6M, Hitting a Four-Week High
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