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Crypto

Bitwise Crypto ETPs Draw $100M as Solana Funds Soar

Guavy AI Editorial Team
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HYPE BTC ETH SOL XRP
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Bitwise crypto exchange-traded products (ETPs) saw significant inflows of $100 million on August 27, according to a recent report. This influx of capital was led by Solana funds, which attracted around $40 million, followed closely by Bitcoin at $22 million and Hyperliquid at $20 million.

The Solana Staking ETF (BSOL) saw its highest trading volume since launch, driven in part by the staking rewards feature. This surge in interest is a reflection of growing investor appetite beyond traditional assets like Bitcoin.

Altcoins such as Solana, Hyperliquid, and XRP attracted more inflows than Bitcoin and Ethereum combined, indicating a broader trend towards diversification in the crypto market.

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