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.
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Solana takes off while Bitcoin and Ethereum lose luster
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:
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.