Solana Surges as ETF Inflows Reach Record $10M

According to recent data from SoSoValue, spot Solana ETFs have pulled in $10.26 million last week, marking a significant increase from the previous week's total of about $144,930.

This surge in inflows is notable as it marks the seventh straight week of positive inflows for these funds and the strongest weekly haul since May 22. A majority of the money came from Bitwise and Morgan Stanley.

The trend stands out compared to Bitcoin, which saw spot BTC funds lose $389.7 million over the same week.

Analysts attribute the steady institutional demand to consistent buying from a small group of fund managers rather than broad market-wide demand.