A landmark development for cryptocurrencies occurred in the US in October. During this period, Solana (SOL), Litecoin (LTC), and Hedera (HBAR) ETFs were launched amidst the ongoing government shutdown. Solana ETFs performed better than LTC and HBAR ETFs, with spot Solana ETFs recording net inflows for the 10th consecutive day on Monday, according to the data. Spot Solana ETFs saw total net inflows of $6.78 million on Monday, according to SoSoValue data. Of these inflows, $5.92 million came to Bitwise’s BSOL, while the only other Solana fund, Grayscale’s GSOL, received $854,480 in inflows. Cumulative net inflows across the two Solana funds over 10 days exceeded $342.48 million. At this point, there are currently two spot SOL ETFs in the US: the Bitwise (BSOL) and Grayscale (GSOL) SOL ETFs. LVRG Research Director Nick Luck, who evaluated the performance of the Solana ETFs, said the SOL ETFs performed much better than expected. “Net inflows into Solana ETFs exceeded expectations despite concerns about regulatory risks and technical uncertainty. Investors view Solana ETFs as a high-beta (risk-taking) complement to Bitcoin (BTC) and Ethereum (ETH) ETFs. Such sustained inflows constrain supply, accelerate institutional capital inflows, and support Solana's rise.” *This is not investment advice. Continue Reading: Solana (SOL) Ignored the Drops! Achieved Great Success in 10 Days!
