coindesk.com
U.S. spot solana SOL$143.49 exchange-traded funds (ETFs) extended their inflow streak to a 17th straight day on Wednesday, with no net withdrawals since they first started trading Oct. 28.
The funds added $48.5 million on Wednesday, taking cumulative net inflows since inception to $476 million, according to Farside data. Wednesday's inflow was the second-largest this month.
The stream of inflows, the longest uninterrupted run of positive flows among the crypto ETFs this year, comes as the more established bitcoin BTC$90,531.78 and ether ETH$2,988.59 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.