Solana News Today: Solana ETFs Attract $2B as Bitcoin ETFs Lose $1.38B

Solana ETFs Attract Record Inflows Amid Market Volatility, Fueling Bullish Outlook

Solana (SOL) ETFs have drawn $2 billion in assets this month, with $30 million in inflows recorded on November 18 alone, as investors continue to bet on the blockchain's growth potential. The surge follows the launch of spot ETFs like VanEck's product and Bitwise's BSOL, which has emerged as a key catalyst for price recovery. Despite a 22% dip in Solana's price over the past 30 days, the coin has rebounded to $143.24, with a 2.3% gain in the last 24 hours.

The Bitwise Solana ETF has led the charge, amassing $424 million in inflows between November 3 and 19, including a $65.2 million influx on the first day of that period according to data. This momentum has outpaced other providers, with Bitwise and Grayscale being the only asset managers maintaining consistent inflows over 17 consecutive days as research shows. Analysts attribute the ETF's success to its 0.20% fee structure and staking features, which appeal to investors seeking both capital appreciation and yield according to analysts.

Technical indicators also suggest a potential rebound. Solana's price has formed a V-shaped recovery pattern on the four-hour chart after a 25% drop from $173 to $130.64, with the relative strength index (RSI) rising from 28 to 50 since November 13. The $130 support level, which has historically triggered rallies to $250, appears to have held firm. CoinGlass data further supports this optimism, showing a 5% increase in futures open interest to $7.3 billion over the past 24 hours.

However, the broader crypto market has seen mixed trends. While Solana and XRP ETFs extended their inflow streaks, Bitcoin and Ethereum ETFs recorded $492 million and $177.9 million in outflows on November 14, respectively. Cumulative outflows for Bitcoin ETFs reached $1.38 billion in the week ending November 14, according to CoinShares, as investors pulled funds amid monetary policy uncertainty and whale selling.

Anatoly Yakovenko, Solana's co-founder, is set to speak at Abu Dhabi Finance Week 2025, where he will discuss blockchain's role in decentralized finance. His participation underscores institutional interest in Solana's ecosystem, which has also seen increased trading volume-up 16.81% to $6.71 billion amid the recent price dip.

The contrast between Solana's ETF performance and Bitcoin's outflows highlights shifting investor sentiment. While Bitcoin and Ethereum ETFs face pressure, Solana's niche in the market backed by strong inflows and technical fundamentals has positioned it as a potential breakout candidate.