Spot Solana Exchange-Traded Funds (ETFs) continue to attract investor interest, recording their fourth straight day of inflows amid “capital flight” from Bitcoin and ether funds.
According to Data From Sosovalue, Spot Solana (Sol) ETFs added $44.48 million on Friday, bringing cumulative inflows to $199.2 million and total assets to more than $502 million. The bitwise Solana ETF (BSOL) led the charge, contributing most of the new capital with a 4.99% daily gain.
In contrast, spot bitcoin (BTC) ETFs saw $191.6 million in daily net inflows on the same day, continuing a week-long streak of profit-taking. The funds saw $488.43 million in inflows on Thursday and $470.71 million the previous day.
Spot ether (Eth) ETFs also posted $98.2 million in outflows, reducing their combined outflows to $14.37 billion. The fund poured in $184.3 million on Thursday and $81.4 million on Wednesday.
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The Solana ETF is gaining momentum
The move toward the Solana ETF comes in what market participants describe as a “capital cycle.” Vincent Liu, Chief Investment Officer at Kronos Research, told Cointelegraph that the trend highlights a growing appetite for new narratives and yield-driven opportunities.
“Solana ETFs are cutting back on fresh catalysts and capital flows, as seen with Bitcoin and ether profiting after a strong run,” Liu said. “Shift Signal is increasing appetite for new narratives and staking yield opportunities.”
Analysts suggest Solana’s momentum could continue next week as Bitcoin and Ether consolidate. “Solana’s momentum could extend into next week, with the cycle staying alive as the bulls stall, unless macro news unleashes extreme volatility,” Liu added.
Related: ETFs will start institutions in altcoins, like Bitcoin: Analyst
New crypto ETFs are entering the markets
A new wave of crypto ETFs is hitting the market this week, led by bitwise’s Solana Staking ETF (BSOL), which Launched Tuesday with $ 222.8 million in properties and offers investors exposure to Solana (Sol) with an estimated 7% staking yield.
There are many other funds is also entering the marketincluding Canary’s Litecoin (LTC) and Hedera (Hbar) ETFs, including the expected conversion of Grayscale’s Solana trust into an ETF. Meanwhile, Hong Kong First place Solana ETF approved Last week.
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