Solana News Today: "Solana ETFs See Growth as Token Declines: Higher Staking Returns Drive Investors to Switch"
- Solana ETFs gained $44.48M in inflows, defying broader crypto market weakness as Bitcoin and Ethereum ETFs saw combined $290M outflows. - Bitwise Solana ETF (BSOL) surged 4.99% with $222.8M in assets, driven by staking yields and novel narratives despite SOL token's 8% weekly price drop. - On-chain data revealed 1.1M SOL transfer from Jump Crypto to Galaxy Digital, fueling speculation about Bitcoin rotation amid profit-taking pressures. - Bitcoin ETFs maintained $931M weekly net inflows ($30.2B annual to
Solana ETFs have bucked the overall market downturn, attracting $44.48 million in new investments on Friday and marking four consecutive days of positive inflows, according to SoSoValue. This stands in stark contrast to
Yet, Solana's (SOL) price has dropped 8% over the past week, wiping out its gains for the year and slipping below the $180 mark. Even with the launch of the first U.S.-listed Solana spot ETFs, the token has lagged behind Bitcoin and Ethereum, both of which are still up more than 40% for the year, according to
Despite recent outflows, Bitcoin ETFs still managed to bring in $931 million in net new funds for the week ending October 24, 2025, pushing their yearly total to $30.2 billion. BlackRock’s ETF offerings have continued to see steady investments even amid market swings, though analysts warn that the overall environment remains unstable, as highlighted in
The move toward Solana signals a broader change in investor focus. Vincent Liu from Kronos Research observed that this shift demonstrates a "rising interest in fresh narratives and opportunities for yield through staking." He also mentioned that Solana’s strong performance could continue if Bitcoin and Ethereum stabilize, though macroeconomic developments could alter the trend.
The introduction of new crypto ETFs, such as Bitwise’s Solana Staking ETF and Grayscale’s revamped Solana Trust, has heightened competition among altcoin products. While these new offerings have attracted early attention, their effect on Solana’s price has been mixed. At present, the success of Solana ETFs stands in contrast to its on-chain performance, highlighting the intricate relationship between product innovation and investor sentiment in the cryptocurrency market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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