Solana sails against the current on Wall Street

  • There have been 15 consecutive green days for solana ETFs.

  • For their part, bitcoin and ether ETFs accumulate several negative days.

Exchange-traded funds (ETFs) backed by solana (SOL) remain a focus of attraction for investors on Wall Street, registering capital inflows against the general trend of the digital asset market.

These financial products have managed to accumulate a sustained streak of positive flows in a context where funds of other assets, such as bitcoin (BTC) and ether (ETH), face days of significant withdrawals.

During yesterday, November 17, solana-based ETFs captured a total of $8.26 million in inflows net, with the BSOL fund, managed by Bitwise, being the main recipient of this capital and the one that has had the best debut on its first day of trading on the stock market, as reported by CriptoNoticias.

This positive performance consolidates a streak of fifteen consecutive days with capital inflows, which translates into an accumulation of approximately 390 million dollars in net inflows during this period. This behavior indicates sustained interest in the digital asset.

A bar chart representing the green volume of the solana ETFs.A bar chart representing the green volume of the solana ETFs.
Solana has had 15 days of consecutive inflows since its launch through the ETFs. Fountain: SosoValue.

The expansion of solana ETF offerings on Wall Street also sets the tone. Yesterday he gave start of operations the VanEck Solana ETF (VSOL). Likewise, ETF analysts such as Eric Balchunas and James Seyffart They anticipate the arrival of two new similar products, managed by the firms Canary Capital and Fidelity, intensifying competition and the options available to investors.

In contrast, ETFs that invest in bitcoin and ether face recent challenges. Bitcoin funds have a streak of four consecutive days in negative territory, adding outputs of capital that reaches 1,840 million dollars.

For their part, ether products accumulate five days of departures, with withdrawals amounting to 911 million dollars in total. This marked difference in flow dynamics highlights the growing appetite for solana within the traditional financial ecosystem.

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