Solana ETFs Attract $29.22 Million Amid Bitcoin, Ethereum Outflows

US Spot Bitcoin and Ethereum ETFs ended a six-day losing streak on November 6 with net inflows. Bitcoin ETFs attracted $240.03 million, while Ethereum ETFs received $12.51 million.

Solana ETFs maintained consistent growth, with $29.22 million in daily inflows, marking an eight-day streak of positive capital movement.
Solana ETFs launched with $70 million initially and accumulated around $531 million in their first week, despite market volatility.
Spot Bitcoin ETFs experienced outflows totaling about $2 billion between October 29 and November 4, with a peak outflow of $577.74 million on November 4. Spot Ethereum ETFs saw similar patterns, losing approximately $837.66 million.
The shift towards Solana ETFs highlights changes in investor sentiment, although Bitcoin and Ethereum still recorded positive flows recently.
Bitcoin is currently trading at $101,482 (down 1.6% in 24 hours), Ethereum at $3,336 (down 1.2%), and Solana at $157 (down 1.4% over 24 hours and 15.3% over the past week).

Solana