Kronos Research’s Vincent Liu expects Solana ETF inflows to continue next week, noting that rotation from Bitcoin and Ether will likely persist.
Spot Solana exchange-traded funds (ETFs) continue to attract investor interest, recording their fourth straight day of inflows amid “capital rotation” from Bitcoin and Ether funds.
According to data from SoSoValue, spot Solana (SOL) ETFs added $44.48 million on Friday, bringing cumulative inflows to $199.2 million and total assets to over $502 million. The Bitwise Solana ETF (BSOL) led the charge, contributing the bulk of new capital with a 4.99% daily gain.
In contrast, spot Bitcoin (BTC) ETFs saw $191.6 million in daily net outflows on the same day, continuing a week-long trend of profit-taking. The funds saw $488.43 million in outflows on Thursday and $470.71 million the previous day.
Spot Ether (ETH) ETFs also posted $98.2 million in outflows, reducing their cumulative inflows to $14.37 billion. The funds shed $184.3 million on Thursday and $81.4 million on Wednesday.
Related: ‘Uptober’ marks 21 crypto ETF filings as Bitcoin climbs
The shift toward Solana ETFs comes amid what market participants describe as a “capital rotation.” Vincent Liu, chief investment officer at Kronos Research, told Cointelegraph that the trend highlights a growing appetite for new narratives and staking-driven yield opportunities.
“Solana ETFs are surging on fresh catalysts and capital rotation, as Bitcoin and Ether see profit-taking after strong runs,” Liu said. “The shift signals rising appetite for new narratives and staking-driven yield opportunities.”
Analysts suggest Solana’s momentum could continue into next week as Bitcoin and Ether consolidate. “Solana momentum may extend next week, with rotation staying alive while majors pause, unless macro news sparks extreme volatility,” Liu added.
Related: ETFs will usher institutions into altcoins, just like Bitcoin: Analyst
A new wave of crypto ETFs is hitting the market this week, led by Bitwise’s Solana Staking ETF (BSOL), which launched Tuesday with $222.8 million in assets and offers investors exposure to Solana (SOL) with an estimated 7% staking yield.
Several other funds are also entering the market, including Canary’s Litecoin (LTC) and Hedera (HBAR) ETFs, along with the anticipated conversion of Grayscale’s Solana Trust into an ETF. Meanwhile, Hong Kong approved its first spot Solana ETF last week.
