Solana American spot Exchange-traded funds (ETFs) extended their streak of inflows to a 17th consecutive day on Wednesday, with no net withdrawals since they began trading on October 28.
The funds added $48.5 million on Wednesday, bringing cumulative net inflows since their inception to $476 million, according to Farside data. Wednesday’s influx was the second largest this month.
The inflow, the longest unbroken streak of positive inflows among crypto ETFs this year, comes as bitcoin is more established. and ether Products are losing support.
In November alone, bitcoin ETFs saw net outflows of about $2.96 billion, while ether ETFs recorded about $107 million, Farside data shows.
Bitwise’s BSOL led Wednesday’s inflows with $35.9 million in fresh money, followed by Grayscale’s GSOL with $12.6 million. Fidelity (FSOL) and VanEck (VSOL) added smaller amounts.
Flows into solana ETFs indicate a push for greater exposure to the token even as the crypto market weakens. The CoinDesk 20 Index (CD20) has fallen 12% in the last seven days.
