Solana ETFs Achieve 20-Day Inflow Streak, Total $568 Million

United States spot Solana Exchange Traded Funds (ETFs) have maintained a 20-day streak of net inflows since their launch in late October, indicating strong support for Solana among cryptocurrencies.

SOL ETFs Performance

Solana ETFs recorded $58 million in net inflows on November 24, led by Bitwise's BSOL with $39.5 million.
Since October 28, SOL ETFs have attracted $568.24 million in total, with key players including VanEck's VSOL, Fidelity’s FSOL, 21Shares’ TSOL, and Grayscale’s GSOL.
Total net assets across these funds amount to $843.81 million, representing about 1.09% of SOL's market capitalization.
Nick Ruck from LVRG Research highlighted the unexpected success and resilience of these funds, surpassing pre-launch expectations.

Expansion to Other Altcoin ETFs

Bitwise is preparing to launch a Dogecoin ETF under the ticker BWOW, pending SEC approval.
Grayscale has launched its XRP Trust ETF, GXRP, on NYSE Arca, with an initial 0% management fee offer.