Solana (SOL) spot ETFs experienced notable investment inflows and outflows during the recent trading week from December 1 to December 5. The total net inflow into Solana spot ETFs amounted to $20.3 million. Specifically, the Bitwise Solana Spot ETF (BSOL) recorded the highest weekly net inflow of $65.11 million, bringing its all-time net inflow to $593 million. Following this, the Fidelity Solana ETF (FSOL) saw a weekly net inflow of $14.11 million, increasing its historical total investment to $46.42 million.
Conversely, the 21Shares Spot ETF (TSOL) faced the largest weekly net outflow of $73.91 million, with its cumulative historical net outflow reaching $102 million. At the time of reporting, the total net asset value of Solana spot ETFs stood near $878 million, representing a net asset ratio of 1.18% compared to Bitcoin’s total market capitalization. The overall historical net inflow into Solana spot ETFs has now reached $639 million.
Solana is a prominent blockchain protocol known for providing fast and low-cost transactions, which has made it popular in decentralized finance (DeFi), non-fungible tokens (NFTs), and other crypto markets. Spot ETFs offer investors the opportunity to gain exposure to Solana assets without directly investing in the cryptocurrency itself. The recent fluctuations in investment indicate changing investor interest in Solana, potentially impacting its financial outlook and future prospects. Investors are advised to adopt cautious strategies considering the market volatility.
Source: binance
