SOL: An ETF isn’t a safety net either.
Now that SOL has an ETF, does that mean it won’t fall?
Folks, take a look at the data from the first week of November.
SOL-related ETFs also saw consecutive days of outflows.
The existence of an institutional channel doesn’t mean institutions buy every day.
When researching SOL, I care more about ecosystem activity, actual fee revenue, and whether SOL/BTC can continue to strengthen.
Don’t treat an ETF listing as a permanent positive catalyst.
Having a way to buy and having people keep buying are two different things.
Now that SOL has an ETF, does that mean it won’t fall?
Folks, take a look at the data from the first week of November.
SOL-related ETFs also saw consecutive days of outflows.
The existence of an institutional channel doesn’t mean institutions buy every day.
When researching SOL, I care more about ecosystem activity, actual fee revenue, and whether SOL/BTC can continue to strengthen.
Don’t treat an ETF listing as a permanent positive catalyst.
Having a way to buy and having people keep buying are two different things.