As per CryptoDnes, Solana is experiencing a selloff driven by institutional repositioning rather than panic. Bitwise’s Solana staking ETF recorded its first net outflow since launch, signaling a pause in exposure. Other Solana-linked funds, however, attracted inflows, indicating capital rotation rather than a full withdrawal. The price decline lacked signs of distress, with active spot market participation and reduced open interest in derivatives. Broader macroeconomic factors, including potential policy shifts from the Bank of Japan, are influencing risk appetite. Despite the market pullback, Solana’s ecosystem continues to advance with new products and upgrades.
Solana ETF Sees First Net Outflow Amid Institutional Repositioning
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Summary
Solana ETF news trading shows first net outflow as institutional investors reposition. Bitwise’s staking ETF saw outflows, while other Solana-linked funds drew inflows, pointing to capital rotation. Price action remains stable with active spot trading and lower open interest analysis in derivatives. Broader macro factors, including BoJ policy shifts, are shaping risk appetite. Solana’s ecosystem continues to roll out upgrades despite the pullback.
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