en.bitcoinsistemi.com
A landmark development for cryptocurrencies occurred in the US in October. During this period, Solana ($SOL), Litecoin ($LTC), and Hedera ($HBAR) ETFs were launched amidst the ongoing government shutdown.
Solana ETFs performed better than $LTC and $HBAR ETFs, with spot Solana ETFs recording net inflows for the 10th consecutive day on Monday, according to the data.
Spot Solana ETFs saw total net inflows of $6.78 million on Monday, according to SoSoValue data.
Of these inflows, $5.92 million came to Bitwise’s BSOL, while the only other Solana fund, Grayscale’s GSOL, received $854,480 in inflows.
Cumulative net inflows across the two Solana funds over 10 days exceeded $342.48 million.
At this point, there are currently two spot $SOL ETFs in the US: the Bitwise (BSOL) and Grayscale (GSOL) $SOL ETFs.
LVRG Research Director Nick Luck, who evaluated the performance of the Solana ETFs, said the $SOL ETFs performed much better than expected.
“Net inflows into Solana ETFs exceeded expectations despite concerns about regulatory risks and technical uncertainty.
Investors view Solana ETFs as a high-beta (risk-taking) complement to Bitcoin (BTC) and Ethereum (ETH) ETFs.
Such sustained inflows constrain supply, accelerate institutional capital inflows, and support Solana's rise.”
*This is not investment advice.