Bitwise's Solana ETF has become the first Solana-focused exchange-traded fund to surpass $1 billion in assets under management (AUM), signaling strong institutional interest in regulated Solana investment products. This milestone positions Bitwise ahead of competitors like Fidelity in the growing Solana ETF market, reflecting demand for exposure to Solana through a regulated vehicle rather than direct token purchases. While the milestone confirms significant investor capital in Bitwise's fund, it does not guarantee long-term dominance as competition and fund flows fluctuate. The achievement highlights Solana's rising profile as a leading smart-contract platform beyond Ethereum in institutional portfolios.
Grayscale's head of research, Zach Pandl, cautions that investors might be distracted by newer crypto assets like Zcash and Hyperliquid, potentially overlooking established smart contract platforms such as Ethereum, Solana, and BNB Chain. These platf...
Solana (SOL) experienced a 2.58% price decline from $108 to $105 within one hour on October 14, with a 1.54% drop over 24 hours. During this period, liquidations of $3.57 million in long positions and $30,000 in short positions occurred across Binanc...
Recent data from Cryptometer shows significant fund flows in the crypto market over the past five hours. Bitcoin experienced the largest outflow with $105.48 million withdrawn, while Ether led inflows with $28.98 million. Other notable inflows were s...
In the last 24 hours, Bitcoin (BTC) and Ether (ETH) experienced net outflows of $170.35 million and $73.17 million respectively, indicating some investor withdrawal. Conversely, XRP and Solana (SOL) showed strong net inflows of $34.81 million and $31...
In the latest altcoin spot ETF market activity, NEAR was the only token to record net inflows, extending its positive trend over five days. Meanwhile, Solana (SOL), Dogecoin (DOGE), and Zcash (ZCSH) experienced net outflows, continuing their withdraw...
