Solana ETF Inflows Crash 96% Amid Slumping Demand

Solana ETF inflows plummeted by 96% in one week, from $153.87 million to just $6.18 million, according to SoSoValue data.

This significant drop occurred despite the funds still attracting new money and holding over $1.4 billion in assets as of September 4.

The sharp slowdown in inflows is worth watching, especially since it coincided with a fall in trading volume for Solana ETFs from $699.39 million to $350.27 million.

In comparison, Bitcoin ETFs saw a 6.7% increase in net inflows to $986.85 million, while Ethereum ETFs experienced a 74% drop in inflows to $218.41 million.