Bloomberg ETF analyst Eric Balchunas said on X that the Bitwise Solana ETF has crossed the $1 billion mark in assets under management, becoming the first Solana ETF to reach that size. Balchunas also noted that cumulative inflows for the entire Solana ETF category have now reached $1.7 billion. The product group, which experienced a severe drop in the first half of this year, has seen almost no sustained outflows since, according to the analyst. The chart he cited came from the BI ETF Solana report published by @JSeyff today. The news was reported by Odaily Planet Daily. Balchunas shared the update in a post on the social media platform X, citing data from the report.
Bloomberg ETF analyst Eric Balchunas said on X that the Bitwise Solana ETF has surpassed $1 billion in assets under management. It is the first Solana ETF to hit that threshold, he added. Cumulative inflows for the Solana ETF category have reached $1.7 billion.
After a sharp decline in the first half of this year, the category has seen almost no sustained outflows, Balchunas noted. Data in the post referenced the BI ETF Solana report published by @JSeyff on the same day.
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