Layer 2 Alert: Solana ETFs attracted around $200 million in their first week, while the Bitcoin and Ethereum fund lost capital. Funds are quietly shifting.
Context at a Glance
When Layer 2 steals the spotlight even as giants stumble, you know something is structurally changing. ETFs in the U.S. launched with fanfare. Funds followed suit.
What you need to know
Solana ETFs emerged in the United States and attracted about 200 million dollars in net flows during their short first week of trading.
Compared to major currencies, these flows contrast sharply: Bitcoin's spot ETFs recorded net outflows during the same period.
Analysts expect that Solana's spot ETFs could attract billions of dollars over the next 1-2 years, potentially taking more than 5% of the core supply of SOL into vehicles.
The variations in flows indicate that institutional capital is shifting, moving from major currencies to altcoins and L1 systems, such as Solana.
Why does this matter?
This is not just a good start for Solana; it's a major red flag for complacency. When institutional vehicles pump money into altcoin layers while major currencies bleed, it indicates a shift in risk-reward structure and market dynamics. Builders, token strategists, and ecosystem operators: the light is shifting. The ecosystem that attracts institutional flows first will shape the next cycle, infrastructure, symbolic economics, and narrative.
Solana has the initial momentum. Bitcoin and Ethereum have the name. The next question: which narrative will win in the competition for resources? In the world of cryptocurrencies, money often speaks first.
