Solana Surges as Bitwise ETPs Draw Record Inflows

Bitwise's U.S. exchange-traded products (ETPs) recorded $100 million in net inflows on August 27, according to CEO Hunter Horsley.

The majority of these inflows were attributed to Solana (SOL), which drew around $40 million, followed by Bitcoin (BTC) with about $22 million. The remaining assets, including HYPE and XRP, saw significantly lower inflows, ranging from $1.4 million for Ethereum (ETH) to $20 million for HYPE.

This influx of funds into Bitwise's ETPs is a testament to investor appetite for crypto exposure despite recent market fluctuations. The trend suggests that institutional players are increasingly turning to regulated investment vehicles as a way to tap into the digital asset space.