USA spot solana exchange-traded funds (ETFs) extended their streak of inflows to a 17th straight day on Wednesday, with no net withdrawals since they first began trading on Oct. 28.
The funds added $48.5 million on Wednesday, bringing cumulative net inflows since inception to $476 million, according to Farside data. Wednesday’s inflow was the second largest this month.
The stream of inflows, the longest uninterrupted streak of positive flows among crypto ETFs this year, comes as the more established bitcoin and ether products lose support.
In November alone, bitcoin ETFs have seen net outflows of approximately $2.96 billion, while ether ETFs recorded roughly $107 million, Farside data shows.
Bitwise’s BSOL led Wednesday’s inflow with $35.9 million in fresh money, followed by Grayscale’s GSOL at $12.6 million. Fidelity ( FSOL ) and VanEck ( VSOL ) added smaller volumes.
The flows into solana ETFs indicate a desire for more exposure to the token even as the crypto market weakens. The CoinDesk 20 Index (CD20) has fallen 12% in the past seven days.
