Solana ETFs See 4th Day of Inflows as Bitcoin, Ether Lag

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Spot Solana exchange-traded funds (ETFs) continue to attract investor interest, recording their fourth straight day of inflows amid โ€œcapital rotationโ€ from Bitcoin and Ether funds.

According to data from SoSoValue, spot Solana (SOL) ETFs added $44.48 million on Friday, bringing cumulative inflows to $199.2 million and total assets to over $502 million. The Bitwise Solana ETF (BSOL) led the charge, contributing the bulk of new capital with a 4.99% daily gain.

In contrast, spot Bitcoin (BTC) ETFs saw $191.6 million in daily net outflows on the same day, continuing a week-long trend of profit-taking. The funds saw $488.43 million in outflows on Thursday and $470.71 million the previous day.

Spot Ether (ETH) ETFs also posted $98.2 million in outflows, reducing their cumulative inflows to $14.37 billion. The funds shed $184.3 million on Thursday and $81.4 million on Wednesday.

Solana ETFs see inflows. Source: SoSoValue

Related: ‘Uptober’ marks 21 crypto ETF filings as Bitcoin climbs

Solana ETFs gain momentum

The shift toward Solana ETFs comes amid what market participants describe as a โ€œcapital rotation.โ€ Vincent Liu, chief investment officer at Kronos Research, told Cointelegraph that the trend highlights a growing appetite for new narratives and staking-driven yield opportunities.

โ€œSolana ETFs are surging on fresh catalysts and capital rotation, as Bitcoin and Ether see profit-taking after strong runs,โ€ Liu said. โ€œThe shift signals rising appetite for new narratives and staking-driven yield opportunities.โ€

Analysts suggest Solanaโ€™s momentum could continue into next week as Bitcoin and Ether consolidate. โ€œSolana momentum may extend next week, with rotation staying alive while majors pause, unless macro news sparks extreme volatility,โ€ Liu added.

Related: ETFs will usher institutions into altcoins, just like Bitcoin: Analyst

New crypto ETFs enter markets

A new wave of crypto ETFs is hitting the market this week, led by Bitwiseโ€™s Solana Staking ETF (BSOL), which launched Tuesday with $222.8 million in assets and offers investors exposure to Solana (SOL) with an estimated 7% staking yield.