Solana ETFs Score 17-Day Winning Streak

The stream of inflows, the longest uninterrupted run of positive flows among the crypto ETFs this year, comes as the more established bitcoin and Ethereum products are shedding support. In November alone, bitcoin ETFs have experienced net outflows of approximately $2.96 billion, while ether ETFs recorded about $107 million, Farside data shows.

Bitwise’s BSOL led Wednesday’s inflows with $35.9 million in fresh money, followed by Grayscale’s GSOL at $12.6 million. Fidelity (FSOL) and VanEck (VSOL) added smaller amounts. The flows into solana ETFs indicate a drive for more exposure to the token even as the crypto market weakens. The CoinDesk 20 Index (CD20) has dropped 12% in the past seven days.