SOL in the Shade: Crypto Daybook Americas: Crypto Daybook Americas
By Omkar Godbole (All times ET unless indicated otherwise)
The word “solana” in Spanish means sunshine or sunny place, and that’s a perfect description for exchange-traded funds (ETFs) based on the programmable blockchain Solana’s native token, sol .
Investors have been channeling funds into U.S.-listed spot SOL ETFs even as they withdraw capital from their bitcoin and ether counterparts. Since their late October debuts, Bitwise and Grayscale’s spot SOL ETFs have seen cumulative net inflows of $368.5 million while bitcoin and either ETFs suffered outflows exceeding $700 million each, SoSoValue data shows.
Traders don’t seem to have noticed the difference, and have kept SOL under pressure alongside…
