Solana News Today: Institutions Bet on Solana's Speed as Bitcoin's Hash Rate Defends Its Dominance

Bitcoin and Ethereum ETFs have recorded $799 million and $543.59 million in outflows over the past week, respectively, as institutional investors increasingly shift capital toward Solana-based exchange-traded funds (ETFs). Solana ETFs, including Bitwise's BSOL and Grayscale's GSOL, have attracted nearly $200 million in inflows over four days, with BSOL alone capturing $417 million in weekly inflows—the highest among crypto ETFs in the U.S., according to a Coinotag report. This trend marks a notable reallocation of institutional capital amid broader market volatility, with BlackRock's Bitcoin ETF (IBIT) accounting for over 50% of Bitcoin's outflows, according to a Coinotag analysis.

The divergence in ETF flows highlights growing institutional interest in Solana's high-throughput blockchain, which processes up to 65,000 transactions per second. Analysts suggest this efficiency, coupled with lower fees and expanding DeFi ecosystems, is driving diversification away from Bitcoin's dominance. However, Bitcoin's network hashrate hit a record 650 EH/s, underscoring its entrenched security and investor confidence, as noted in the Coinotag report. Meanwhile, Solana's Total Value Locked (TVL) remains flat at $5.2 billion as of late 2025, indicating liquidity challenges persist despite ETF gains, the same Coinotag report observed.

Bitcoin's ETF outflows have accelerated amid profit-taking following a strong quarterly rally and macroeconomic uncertainties. BlackRock's IBIT led the exodus, contributing $186.51 million in outflows on Nov. 3 alone, pushing total Bitcoin ETF redemptions to $1.33 billion over four days, according to a Crypto.news report. Ethereum ETFs fared similarly, with BlackRock's ETHA posting an $81.7 million outflow on the same day, a point the Crypto.news piece also notes. In contrast, Solana ETFs have seen sustained inflows, with the Bitwise Solana ETF (BSOL) amassing $417 million in a week—outpacing combined inflows from Bitcoin and Ethereum ETFs, according to a TradingView note.

Technical indicators, however, suggest Bitcoin retains a stronger near-term position. Solana's price performance lags behind Bitcoin's, with the SOL/BTC ratio declining 8% quarterly, and its TVL stagnating despite ETF inflows, as reported earlier by Coinotag. On-chain data, reported in a Coinotag piece, also reveals Solana's TVL dipped 3% in 24 hours to $10.59 billion, while exchange inflows hit 15 million SOL weekly, signaling profit-taking by retail holders.

Market analysts remain divided on the implications. While Solana's ETF success reflects institutional confidence in its scalability, Bitcoin's record hash rate and $1.1 trillion realized cap—surged by $8 billion—highlight its resilience as a store of value, according to a Coinotag write-up. Bitwise's Chief Investment Officer Matt Hougan emphasized Solana's role in stablecoin transfers and tokenized assets, praising its infrastructure and developer activity, as noted in the TradingView note. Conversely, experts caution that Solana's ETF inflows have yet to translate into sustained price momentum, with SOL trading at $159—down 20% post-ETF launch—versus Bitcoin's $110,000 realized price, a dynamic covered in the Coinotag piece.

The contrasting ETF trends underscore a maturing crypto market, where institutions balance risk across assets. Solana's inflows, though promising, represent a fraction of Bitcoin's $100 billion in ETF assets. Regulatory clarity and ecosystem developments, such as enhanced staking yields, could further tip the scales. For now, the market remains in a holding pattern, with Bitcoin's technical strength and Solana's institutional traction setting the stage for a pivotal Q4.