Solana ETFs Hit 20-Day Inflow Streak, SOL Price Reacts

Core Insights - United States spot Solana Exchange Traded Funds (ETFs) have achieved 20 consecutive days of net inflows, indicating strong support for Solana among cryptocurrencies [1] - On November 24, spot Solana ETFs recorded $58 million in net inflows, with Bitwise's BSOL leading at $39.5 million, marking the third-largest inflow since the fund's inception [2] - Since the launch of the first US spot SOL ETF on October 28, total inflows have reached $568.24 million across various Solana ETFs, which collectively hold net assets of $843.81 million [3] Fund Performance - The total holdings of Solana ETFs represent approximately 1.09% of SOL's market capitalization, reflecting strong resilience and exceeding pre-launch expectations [4] - Analysts had anticipated moderate institutional uptake, but the sustained capital influx has surprised market observers, indicating Solana's maturation as a blue-chip asset [5] Market Developments - Several spot SOL ETF issuers are planning to launch additional altcoin funds, including Bitwise's upcoming Dogecoin ETF, which is currently pending SEC approval [6] - Grayscale Investments has launched its XRP Trust ETF, GXRP, on NYSE Arca, offering a promotional 0% management fee for the initial phase [7]