Bloomberg Analyst: Despite SOL's sharp decline, Solana ETF still attracted $1.5 billion, with approximately 50% coming from institutional investors

DeepFlowTech · 2026-03-06T02:58:38+00:00

Although Solana's price has fallen about 57% since July, the Solana spot ETF has attracted approximately $1.5 billion in net inflows, with almost no redemptions. About 50% of the funds come from institutional investors, indicating a solid market foundation and reflecting strong demand for the Solana ETF.

DeepFlowTech

2026-03-06 02:58:38

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Deep Tide TechFlow News: On March 6, Bloomberg senior ETF analyst Eric Balchunas posted on X platform that since July this year, despite SOL price dropping about 57%, Solana spot ETFs have attracted approximately $1.5 billion in net inflows, with almost no significant redemptions. Data shows that about 50% of the assets come from institutional investors filing 13F reports with the U.S. SEC, indicating a relatively stable market foundation. When adjusted for Solana and Bitcoin market cap, this inflow is equivalent to about $54 billion in new funds, roughly twice the amount of Bitcoin at the same stage when its price was soaring. Overall, the continued inflow despite poor performance of the underlying asset reflects strong market demand for Solana ETFs.

SOL-2,23%

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