Crypto friends pay attention! #solana The spot ETF for SOL has recently set another record: fund inflows account for 2% of SOL's total market value, directly smashing #BTCETF the historical speed 📈.
Since the launch of the US spot SOL ETF last October, in just 18 weeks, funds are close to breaking $1 billion, with a market cap share of 2%! In contrast, the Bitcoin ETF took 55 weeks to reach this level 😮.
What does this mean? Even with a bear market looming, #sol still attracts a lot of attention from institutions.
💼 Institutional investors bet on SOL: true belief or short-term speculation?
According to Bloomberg ETF analyst James Seyffart, the 'arbitrage/basis trading' in the SOL ETF isn't as crazy as it seems. Last July, the basis yield for SOL was as high as 23%, but after the ETF launched, the yield dropped to -6% without affecting total fund inflows 📊.
In other words, this wave of money is more about institutions being optimistic about SOL long-term, rather than simple short-term speculation. The 13F documents submitted in the US show that institutional investors have controlled about 50% AUM of SOL ETF, indicating that there is great interest in this emerging product 🔥.
💹 What is the impact on SOL prices?
Although ETF inflows are strong, SOL prices still follow the overall market trend. Bitwise data shows that spot ETF fund flows account for about 25% of SOL price volatility. In other words, ETF inflows/outflows can directly influence SOL prices by a quarter.
In the last three days, SOL ETF has continuously flowed out 16 million dollars, with the price dropping from 92 dollars to 80 dollars 💔. However, Bitcoin has slightly rebounded, and oil prices have also given back gains, with the overall market still showing some volatility.
The volatility index of SOL is also signaling 📢: index > 60, historically this position often indicates a bull or bear breakthrough. If ETF funds flow back and RSI returns above 50, SOL may surge to 100 dollars; conversely, if funds weaken, it may drop below 80 dollars.
⚡ Summary
In 18 weeks, it broke through 1 billion US dollars, accounting for 2% of market value; SOL ETF's speed crushes Bitcoin ETF;
The volatility index shows that SOL could break out at any moment, but the direction is still unclear—100 dollars or 78 dollars? The market is watching 😉
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