Solana ETFs Are Slow and Steady Despite the Bitcoin, Ethereum Selloff

Group 1 - Solana is experiencing increased interest from institutional investors, contrasting with significant outflows from Bitcoin and Ethereum [1][3] - The US-based spot SOL exchange-traded funds (ETFs) have seen continuous inflows since their launch on October 31, totaling $421 million over 13 trading days [1] - Bitwise's BSOL ETF has been a major contributor to these inflows, growing from a seed investment of $222.9 million to $388.1 million [1] Group 2 - New Solana-related investment products have been launched by VanEck and Fidelity, with VanEck's VSOL debuting on November 17 and Fidelity's FSOL following on November 18 [2] - Solana's price increased by 2.4% to $139.5 in the last 24 hours, indicating positive market momentum [2] Group 3 - Bitcoin and Ethereum-based ETFs have faced significant outflows shortly after their launches, with a combined net outflow of $3.25 billion over the last five trading days [3] - The broader crypto market has seen a decline of approximately $700 billion in market cap over the past 30 days, currently valued at $3.1 trillion [4] - Continued selloffs in the crypto market, particularly with large amounts of Bitcoin entering centralized exchanges, could lead to outflows from Solana ETFs as well [4]