Bitwise Bolsters Solana Holdings Amid Market Recovery

Bitwise Asset Management has continued to purchase Solana despite a brief price drop. According to data, Bitwise's Solana ETF attracted $9.65 million in fresh capital as of September 28, extending its buying streak to seven consecutive trading days.

This increased institutional demand for Solana exposure comes amid the recent crypto market recovery, which has seen Solana gain attention from investors.

The cumulative net inflows into Bitwise's Solana ETF now stand at approximately $1.23 billion, with a target of reaching $1.5 billion in the near future.