SOL Spot ETF—this round is still seeing funds continuing to vote.
PANews, citing SoSoValue data, said that on September 21, the U.S. SOL spot ETF recorded a total net inflow of $26.0973 million in a single day. Among them, the Bitwise Solana Staking ETF (BSOL) saw a net inflow of $14.4431 million, and the Grayscale Solana Trust (GSOL) saw a net inflow of $7.7971 million. As of before publication, the SOL spot ETF’s total net asset value was $1.740 billion, and the historical cumulative net inflow had already reached $1.443 billion.
In terms of observation: on one side, net inflows keep accumulating; on the other, funds are becoming more concentrated in the leading products. This usually suggests that allocation demand is still there, but the pace may not be linear. Another scenario is that if subsequent inflows continue, the market’s pricing of the SOL ecosystem may be more easily amplified. Conversely, if inflows slow down, near-term sentiment could cool down more quickly. Which are you more focused on: funds continuing to ramp up, or the pace of future net inflows slowing down first?
Chart 1: SOL spot ETF daily net inflow of $26.09 million · Source: partial screenshot of the page
Image source: https://www.panewslab.com/zh/articles/01a0c6c7-948e-7408-9e26-265aed404a6a
PANews, citing SoSoValue data, said that on September 21, the U.S. SOL spot ETF recorded a total net inflow of $26.0973 million in a single day. Among them, the Bitwise Solana Staking ETF (BSOL) saw a net inflow of $14.4431 million, and the Grayscale Solana Trust (GSOL) saw a net inflow of $7.7971 million. As of before publication, the SOL spot ETF’s total net asset value was $1.740 billion, and the historical cumulative net inflow had already reached $1.443 billion.
In terms of observation: on one side, net inflows keep accumulating; on the other, funds are becoming more concentrated in the leading products. This usually suggests that allocation demand is still there, but the pace may not be linear. Another scenario is that if subsequent inflows continue, the market’s pricing of the SOL ecosystem may be more easily amplified. Conversely, if inflows slow down, near-term sentiment could cool down more quickly. Which are you more focused on: funds continuing to ramp up, or the pace of future net inflows slowing down first?
Chart 1: SOL spot ETF daily net inflow of $26.09 million · Source: partial screenshot of the page
Image source: https://www.panewslab.com/zh/articles/01a0c6c7-948e-7408-9e26-265aed404a6a
