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I noticed an interesting trend with the Solana ETF — since its launch in July, they have already raised $1.5 billion. Yes, the price of SOL has dropped 57% during this period, but that hasn't stopped the influx of money. Even now, SOL shows a +2.70% increase over the past 24 hours.
The most intriguing part is that half of these ETF inflows came from large institutional investors with assets over a billion dollars. This is evident from the 13F reports. It turns out that big players weren't scared by the decline and continue to believe in Solana's long-term potential.
So despite the challenging market situation, ETF inflows into Solana remain stable. It seems that institutions see something that others don't. It's interesting to watch how they buy the dip.