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Solana News Today: Solana ETFs Draw $2 Billion While Bitcoin ETFs See $1.38 Billion Outflow

Solana News Today: Solana ETFs Draw $2 Billion While Bitcoin ETFs See $1.38 Billion Outflow

Bitget-RWA2025/11/20 16:04
By:Bitget-RWA

- Solana ETFs attracted $2B in inflows this month, driven by VanEck and Bitwise products with $424M in 17 days. - Technical indicators show a V-shaped price rebound to $143.24, with RSI rising to 50 and $130 support level intact. - Bitcoin/ETH ETFs saw $1.38B outflows amid uncertainty, contrasting Solana's 16.81% trading volume surge to $6.71B. - Bitwise's 0.20% fee and staking features, plus Yakovenko's Abu Dhabi event participation, highlight institutional confidence.

Solana ETFs See Unprecedented Inflows Despite Market Fluctuations, Boosting Bullish Sentiment

This month, Solana (SOL) ETFs have accumulated $2 billion in assets, with a notable $30 million entering on November 18, as

. This uptick follows the introduction of spot ETFs such as VanEck’s offering and Bitwise’s , which . Although Solana’s value dropped 22% over the last month, the token has , gaining 2.3% in the past day.

Bitwise’s

ETF has been at the forefront, attracting $424 million in new investments from November 3 to 19, including a $65.2 million surge on the first day of this period . This strong momentum has surpassed other issuers, with Bitwise and Grayscale standing out as the only asset managers to post uninterrupted inflows for 17 straight days . Experts credit the ETF’s popularity to its low 0.20% fee and staking options, which attract those seeking both returns and income .

Solana News Today: Solana ETFs Draw $2 Billion While Bitcoin ETFs See $1.38 Billion Outflow image 0
Technical analysis also points to a possible upward move. After a 25% decline from $173 to $130.64, Solana’s price has created a V-shaped recovery on the four-hour chart, with the relative strength index (RSI) . The $130 support zone, which has previously sparked rallies to $250, seems to have . Additional optimism comes from CoinGlass data, over the last 24 hours.

Yet, the overall crypto market has experienced a mix of trends. While Solana and

ETFs have continued to attract inflows, on November 14, respectively. Total outflows for ETFs hit $1.38 billion in the week ending November 14, , as investors withdrew funds amid uncertainty over monetary policy and large-scale selling.

Anatoly Yakovenko, co-founder of Solana,

, where he plans to address blockchain’s impact on decentralized finance. His involvement highlights growing institutional interest in Solana’s ecosystem, which has during the recent price correction.

The divergence between Solana’s ETF inflows and Bitcoin’s outflows reflects changing investor attitudes. As Bitcoin and

ETFs come under pressure, Solana’s unique position in the market has made it a potential standout in the sector.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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