Bitcoin News Today: Capital Rotates to Solana ETFs Amid Bitcoin Profit-Taking

Bitcoin Whales Acquire 10,000 BTC Amid Market Volatility

Solana exchange-traded funds (ETFs) are surging as investors rotate capital away from Bitcoin and Ether, with spot Solana ETFs recording $44.48 million in inflows on Friday alone, marking the fourth consecutive day of gains, according to Coinotag. Cumulative inflows now total $199.2 million, pushing total assets under management (AUM) beyond $502 million, according to CryptoTimes. This trend contrasts sharply with Bitcoin and Ether ETFs, which faced $191.6 million and $98.2 million in daily outflows, respectively, as profit-taking pressures persist, CoinMarketCap reported.

The shift reflects a broader "capital rotation" strategy, where investors divest from established cryptocurrencies to capitalize on high-yield opportunities in emerging blockchain ecosystems. Bitwise's Solana Staking ETF (BSOL) led the charge, contributing $29.2 million in inflows and achieving a 4.99% daily gain, according to Coinpaper. The fund offers an estimated 7% staking yield, attracting both institutional and retail investors seeking returns amid a consolidating market, according to Bitget. Analysts attribute the momentum to Solana's scalable infrastructure—processing up to 65,000 transactions per second—and its growing DeFi adoption, Cointelegraph noted.

Vincent Liu, chief investment officer at Kronos Research, highlighted the trend's significance, stating that Solana ETFs are "surging on fresh catalysts and capital rotation, as Bitcoin and Ether see profit-taking after strong runs." He anticipates the inflow streak to continue into next week unless macroeconomic news disrupts the pattern. This optimism is bolstered by recent regulatory developments, including Hong Kong's approval of its first spot Solana ETF, which expands global access to the asset.

Meanwhile, Bitcoin's price volatility has intensified as it struggles to hold above $100,000, triggering stop-loss orders and testing critical support zones. Despite institutional buying activity, U.S. spot Bitcoin ETFs have seen $797 million in outflows over the past week, with BlackRock's iShares Bitcoin Trust (IBIT) alone losing $185 million in November. Large holders have transferred $1.48 billion in BTC to exchanges since October, raising concerns about potential sell-offs.

The divergence between Bitcoin's price action and Solana's inflows underscores a maturing crypto market, where investors increasingly prioritize yield-generating assets and scalable networks. New ETFs, including Canary's Litecoin and Hedera offerings, further diversify the crypto investment landscape. However, analysts caution that macroeconomic risks—such as the Federal Reserve's hawkish stance—could reignite volatility, particularly if Bitcoin fails to reclaim key resistance levels.