Solana ETFs Hold Strong Despite 70% Token Price Decline
Solana ETFs have maintained impressive inflows totaling $1.5 billion, defying a 57% drop in the token's price since their launch.Summary
Bloomberg ETF analyst Eric Balchunas noted that Solana ETFs are showing "pretty impressive numbers" with $1.5 billion in flows, despite the underlying Solana (SOL) token dropping 57% since the funds launched in July. Balchunas highlighted that 50% of these inflows come from institutional investors, signaling a strong base. When adjusting for market capitalization relative to Bitcoin, Solana ETFs have seen the equivalent of $54 billion in net new flows, which is double what Bitcoin saw at a comparable stage. Balchunas stated that ETFs launching into such a market downturn (Solana is down 70% from its January 2025 all-time high) usually struggle to attract any inflows, making Solana's performance exceptional. The funds recently experienced a minor net outflow day after a period of significant inflows.
(Source：Cointelegraph)