Daily net inflow of $5.91 million, Solana is becoming a new favorite among institutions

Solana Spot ETF Continues to Attract Institutional Funds. According to the latest news, on January 13th, Eastern Time, Fidelity SOL ETF (FSOL) experienced a single-day net inflow of $5.91 million, marking another stable performance in its historical single-day net inflows. As of press time, the total net asset value of Solana Spot ETF has reached $1.18 billion, with cumulative net inflows surpassing $834 million. In the context of the entire cryptocurrency market facing liquidity pressure, why is Solana able to continuously attract the attention of institutional investors?

Growth Trajectory of Solana Spot ETF

FSOL, as a major Solana spot ETF product, saw a net inflow of $5.91 million in a single day. While this number may seem modest, it reflects the sustained and stable allocation demand from institutional investors. From historical data, FSOL’s total net inflow has reached $139 million, and the entire Solana spot ETF market’s cumulative net inflow exceeds $834 million, indicating that this is not short-term hype but a recognition of Solana’s long-term value by institutional investors.

In comparison, the overall cryptocurrency investment product market is under significant pressure. According to the latest data, last week’s crypto investment products experienced a capital outflow of $454 million, marking the largest weekly outflow since mid-2023. Bitcoin and Ethereum faced massive outflows of $404.7 million and $116.1 million respectively, while Solana, XRP, Sui, and other projects defied the trend, indicating that funds are rotating from mainstream coins to some high-quality altcoins.

Improved Infrastructure Boosts Confidence

One key reason Solana can attract institutional funds amid a sluggish market is the continuous improvement of its ecosystem infrastructure. US-listed company Sharps Technology announced a partnership with Coinbase Institutional to launch institutional-grade validation nodes on the Solana network, delegating a portion of its over 2 million SOL holdings to these nodes. This move not only demonstrates institutional confidence in the stability of the Solana network but also creates conditions for more institutional investors to participate in the Solana ecosystem.

Even more noteworthy, Morgan Stanley has submitted an application for a Solana ETF, indicating that top global investment banks are also deploying Solana-related products. Once approved, this will further open the door for institutional investors into Solana.

Application Ecosystem Expansion Enhances Imagination Space

In addition to infrastructure improvements, Solana’s application ecosystem is accelerating its expansion. The X platform is integrating Solana’s crypto asset query functions and plans to enable deeper crypto trading experiences on the platform. Such innovations at the application layer bring new user growth points and commercial imagination space for Solana, which are also important factors that institutional investors are optimistic about.

Market Performance Supports Institutional Confidence

Looking at SOL’s market performance, its current price is $146, up 5.56% in the past 24 hours, with a 7-day increase of 4.69% and a 30-day increase of 11.23%. SOL’s market capitalization has reached $8.252 billion, ranking 6th in the cryptocurrency market cap list, with a market share of 2.53%. This relatively stable upward trend is particularly rare amid the significant volatility in the overall market.

Summary

The continuous net inflow of Solana Spot ETF reflects institutional investors’ recognition of its long-term value. This recognition is not based on short-term speculation but on a solid foundation of infrastructure, high-quality ecological applications, and relatively stable market performance. With more institutions like Morgan Stanley participating and the further expansion of Solana’s application ecosystem, capital inflows may continue. For investors, this indicates that Solana is gradually evolving from a community-driven project into an investment asset recognized by institutions, and its long-term competitiveness is worth paying attention to.