Solana’s Contradiction: ETF Inflows Defy Market Downturn

A curious divergence is unfolding in cryptocurrency markets. While Solana’s SOL token has experienced a significant price correction, losing more than a quarter of its value in recent weeks, institutional investors appear undeterred. Hundreds of millions of dollars continue flowing into newly launched U.S. spot ETFs tracking the digital asset, creating a puzzling scenario that has market observers questioning whether major players see the downturn as a buying opportunity or if further declines loom.

The emerging Solana ETF market has demonstrated remarkable strength during its initial trading period. Over the first eight sessions following their launch, these investment vehicles attracted more than $323 million in capital. Leading the pack, Bitwise’s Read more...