Solana ETFs Record Highest Inflow in Over Two Months

After multiple weeks of little to no fresh capital intake, Solana ETFs are beginning to bounce back as they are seeing a rapid resurgence in their daily ETF flows.

This rapid resurgence in the Solana ETF market has come amid the broader crypto market rally, which has boosted confidence in the leading altcoin.

Solana ETFs post $26.57 million in inflow

As of Tuesday, May 12, Solana posted a total daily inflow of $26.57 million, marking the highest inflow they have achieved in more than two months.

While the broad crypto market is currently witnessing renewed optimism from retail and institutional investors following its recent rallies, the positive momentum has extended to the Solana ETF ecosystem.

This broad market rebound has driven Solana’s price up, and it was trading around $98.19 during the period. Thus, the Solana ETFs have begun to see notable increases in their daily performances after multiple weeks of consistent lows and steady outflows.

Notably, the resurgence has driven their cumulative net inflows to a total of $1.08 billion as of their last trading session.

Bitwise retains dominance amid ETF resurgence 

While Bitwise is known for its dominance in the Solana ETF ecosystem since the time of their emergence, it has maintained its lead even amid the wave.

The large inflows recorded in the last day were led by Bitwise, which pulled in over 80% of the total inflow seen on that day, leaving the rest of the pack with little to no share of the daily inflow.

The data revealed that Bitwise’s Solana ETF attracted a total of $21.62 million in inflow in a single day, accounting for the majority of fresh capital that entered the Solana investment products on that day.