Continuing from the previous section, let's talk about SOL:
Since the launch of the Solana spot ETF in July this year, the market performance has far exceeded expectations!
As of now, November 27, the cumulative inflow of funds into the SOL spot ETF has reached $613 million, and against the backdrop of over $1.2 billion net outflows from Bitcoin ETFs and approximately $680 million net outflows from Ethereum ETFs in November, the SOL spot ETF has managed to maintain over 20 consecutive days of net inflows.
This indicates that institutional funds have gradually shifted from fully priced 'safe-haven assets' (BTC) and 'mature assets' (ETH) to 'Beta assets' (SOL), which still have high growth elasticity and valuation recovery potential.
Moreover, the average daily inflow of the current Solana ETF accounts for over 38% of the total market crypto ETF inflows, far exceeding its market capitalization share (approximately 11%), which also shows that institutional buying intentions are still accelerating.
Additionally, since ETFs need to purchase a large amount of SOL spot and lock it for staking, this will periodically reduce the supply of SOL available in the market.
