Solana News Today: Solana's Staking Edge Drives $510M ETF Inflows Amid Bitcoin, Ethereum Outflows

Solana (SOL) has surged ahead of Bitcoin and Ethereum in November, drawing record inflows into its exchange-traded funds (ETFs) as investors increasingly view the altcoin as a yield-generating asset. While Bitcoin and Ethereum ETFs faced volatile outflows earlier in the month, Solana's funds attracted $510 million in net inflows since their launch, with Bitwise's BSOL leading the charge with $444 million. The group has now logged a 10-day inflow streak, according to data from Farside Investors and SoSoValue.

Bitcoin ETFs saw a dramatic turnaround late in the month, pulling in $238.4 million in net inflows on Friday after a $903 million outflow the previous day—the largest single-day outflow since the products launched in January 2024. BlackRock's IBIT drove much of the rebound with $108 million, while Grayscale's GBTC added $61.5 million, marking a rare positive shift for the long-struggling fund. However, Bitcoin's broader November performance remains weak, per SoSoValue, with cumulative outflows reaching $3.79 billion.

Ethereum ETFs ended an eight-day outflow streak on Friday, pulling in $55.7 million, fueled by Fidelity's FETH, which contributed $95.4 million. The reversal followed a brutal $1.28 billion loss for Ether funds between November 11–20, one of the deepest declines since their launch. Meanwhile, Ethereum's price dropped 15% between Wednesday and Friday, wiping out $460 million in leveraged long positions, though derivatives data suggests institutional traders are cautiously rebuilding long exposure.

Solana's dominance in yield-driven investing has been underscored by its native staking rewards of 5%–7%, which outpace Bitcoin's lack of staking options and Ethereum's limited yield products according to data. According to Everstake's Bohdan Opryshko, both institutions and retail investors are now treating Solana as a productive asset rather than a speculative trade. Over the past month, Solana's staked supply rose from 350 million to 407 million SOL, with 67% of circulating tokens currently staked, per Coinbase data.

Institutional confidence in Solana has also grown, with recent developments including a $1 billion fundraising and the launch of the first public liquid staking strategy. These moves signal a broader push toward institutional adoption, contrasting with VanEck's recent decision to scrap staking plans for its BNB ETF due to regulatory uncertainties. The asset manager cited concerns that BNB could be classified as a security, highlighting the divergent regulatory risks facing different crypto assets.

Looking ahead, Solana's ecosystem appears poised for further growth. Bitcoin Munari, a project leveraging Solana's infrastructure, is conducting a public presale at $0.10 per token, with plans to migrate to its own Layer-1 chain by 2027. Meanwhile, Leverage Shares announced plans to launch 3x leveraged Bitcoin and Ethereum ETFs in Europe, though the timing—amid a 21% drop in Bitcoin and 26% decline in Ethereum this month—has been called "either really good or really bad" by analyst Eric Balchunas.

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