U.S. spot Solana (SOL) ETFs keep growing, even while the rest of the crypto market is struggling.
Solana ETFs have seen 17 straight days of inflows since they launched on Oct. 28, with no outflows at all.$SOL
On Wednesday, they added $48.5 million, bringing total inflows to $476 million so far. This was the second-biggest inflow day in November.
Meanwhile, bitcoin and ether ETFs are seeing heavy outflows. In November:
Bitcoin ETFs lost about $2.96 billion
Ether ETFs lost around $107 million
On Wednesday, Bitwise’s BSOL led with $35.9 million in inflows, followed by Grayscale’s GSOL with $12.6 million. Smaller amounts went into Fidelity (FSOL) and VanEck (VSOL).
The strong inflows show that investors want more Solana exposure, even while the wider crypto market is down. The CoinDesk 20 Index has dropped 12% in the last week.
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