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BREAKING: Solana ETFs outshining Bitcoin & Ethereum, siphoning liquidity and causing a seismic shift in investor interest towards SOL!
classic narrative arbitrage: as Solana ETFs attract capital amidst Bitcoin and Ethereum outflows, a shift in investor sentiment emerges, potentially signaling a liquidity
For six consecutive trading days as of October 28, the BSOL US Solana ETF raised $284 million, while Bitcoin and Ethereum funds faced outflows. Bitcoin ETFs lost $1.7 billion, and Ethereum products lost $473 million during this period. The divergence coincided with macroeconomic headwinds, such as a hawkish Fed stance and a strengthening dollar, dampening risk appetite in cryptocurrencies. New Solana funds attracted creations, signaling a potential shift in investor interest. 😮
Bitcoin and Ethereum spot ETFs experienced outflows, while Solana funds continued to attract net creations. The trend persisted with U.S. Solana ETFs maintaining positive flows since launch. This evidence suggests Solana’s ability to draw capital is not temporary. Persistent redemptions in Bitcoin and Ethereum ETFs decrease their share of total crypto ETF assets, while steady creations in Solana ETFs enhance liquidity in SOL. This flow dynamic could lead to a reweighting of exposures towards Solana. 🚀
Solana ETFs outperform Bitcoin: Is SOL siphoning liquidity from BTC?
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