Core Insights - The launch of the first spot Solana (SOL) ETFs by Bitwise and Grayscale has resulted in cumulative inflows of nearly $270 million within the first week, marking a significant departure from the overall negative sentiment in the crypto market [1][3][10] - Despite the broader market slump, the Solana ETFs (BSOL and GSOL) have attracted net inflows every trading day since their launch, contrasting with the performance of other crypto funds [2][3][7] Inflow Performance - BSOL and GSOL have collectively garnered nearly $270 million in inflows, significantly outperforming other altcoin funds, attracting four times more investment than Canary's HBAR offering and around 170 times more than its Litecoin product [3][7] - The broader crypto ETF market has seen net outflows, particularly from Bitcoin funds, which experienced a drawdown of approximately $946 million in the week leading up to November 3 [9] Market Context - The approval of altcoin ETFs, including those for HBAR, Litecoin, and SOL, by the SEC has not led to a market rally, with these assets experiencing declines between 12% and 22% since the approvals [5][6] - The largest crypto ETF, BlackRock's iShares Bitcoin Trust (IBIT), had over $60 billion in net assets but faced net outflows of around $715 million from October 29 to November 3 [8]