Solana takes off while Bitcoin and Ethereum lose luster

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An unexpected turn in the crypto market: while Bitcoin loses $2.1B and Ethereum $579M in outflows, Solana is attracting massive capital through its new ETF.

The numbers that matter:

  • BSOL (Bitwise Solana Staking ETF) raised $545M in just 2 weeks since its launch on October 28.
  • Bitcoin and Ethereum ETFs experienced combined outflows of $2.6B during the same period
  • SOL fell 29% in a month, but large investors continue to buy

Why does Solana resist? The network processes 70 million transactions daily, maintains 3.2 million active wallets, and the BSOL offers a staking yield of 7% annually with no initial fees. In other words: yield with convenience.

Grayscale also entered the game with its own Solana ETF (GSOL), which has already raised $114M. Clear signal: institutional money is diversifying beyond Bitcoin.

Key support: analysts see solid accumulation at $155. If SOL breaks $165, the next target is $200-250.

Plot twist: Bitwise is already preparing a Dogecoin ETF and could launch it in less than 20 days. The era of Bitcoin as the sole market leader is coming to an end.

SOL-5.03%
BTC-2.53%
ETH-2.77%
DOGE-5.84%
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