Since the listing of the Solana spot ETF in July this year, the market performance has far exceeded expectations!

As of November 27, the cumulative capital inflow of the SOL spot ETF has reached $613 million, and amidst a backdrop of over $1.2 billion net outflow from Bitcoin ETFs and about $680 million net outflow from Ethereum ETFs in November, the SOL spot ETF has managed to maintain a net inflow for more than 20 consecutive days.

This indicates that institutional funds have slowly shifted from the already fully priced "safe-haven assets" (BTC) and "mature assets" (ETH) to "Beta assets" (SOL) that still possess high growth elasticity and valuation recovery potential.

Currently, the average daily inflow of the Solana ETF accounts for over 38% of the total market inflow of crypto ETFs, far exceeding its market capitalization share (about 11%), which also shows that the willingness of institutions to increase their positions is still accelerating.

Moreover, since ETFs require purchasing a large amount of SOL spot and locking it for staking, this will periodically reduce the supply of SOL available in the market. $SOL