$SOL SOL ETFs Maintain Inflow Streak Despite Red Signals From Others, Adding $9.6 Million This Week
Despite signals of capital outflows from other ETFs last week, the SOL ETF has remained strong, maintaining its continuous winning streak since its launch.
🔸 The trading week of January 19-23 recorded a total net inflow of $9.57 million into Solana ETFs. This is a positive signal compared to the high volatility of other crypto assets during the same period.
🔸 Fidelity FSOL fund continues to demonstrate leadership, attracting the largest weekly inflow of $5.28 million, bringing its cumulative total to $148 million. Following closely is Bitwise BSOL with an addition of $1.71 million. Conversely, 21Shares TSOL recorded a slight net outflow of approximately $513k.
🔸 As of now, the total net asset value of Solana ETFs stands at $1.08 billion, accounting for 1.50% of SOL total market capitalization. The historical cumulative net inflow for this product group has reached the $873 million mark.
With Fidelity continuously accumulating and capital flows remaining green, is SOL gathering enough momentum to break out of its current price range next week?
News is for reference, not investment advice. Please read carefully before making a decision.