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Solana ETFs attract strong inflows as Bitcoin-led funds face $360 million in outflows following hawkish Fed signals.
Solana ETFs draw nearly $200 million in inflows while Bitcoin and Ether funds face heavy outflows.
Bitwise CIO Matt Hougan outlined a bullish thesis for Solana (SOL), arguing it can mirror Bitcoin’s early dominance by tapping tokenisation and stable-coin growth.
Despite the debut of spot Solana ETFs and strong institutional inflows, the SOL token remains stuck below $200, highlighting a gap between ETF launch momentum and asset performance.
Bitcoin and Ethereum rose after softer U.S. inflation data revived hopes for Fed rate cuts and renewed confidence in crypto markets.