Bitwise Continues to Increase Holdings in Solana ETF, Attracting Over $9.65 Million in New Funds
2026-09-29 20:49:34
CoinMeta data: According to U.Today, despite the decline in the price of Solana, leading asset management firm Bitwise continues to increase its holdings in the Solana exchange-traded fund (ETF). Based on on-chain data from Sosovalue, Bitwise has attracted over $9.65 million in new funds in recent days, despite a brief drop in the asset's price. This influx of capital has led to seven consecutive trading days of purchases for Bitwise, indicating an increasing demand from institutions for Solana. The cumulative net inflow into Bitwise has approached $1.23 billion, quickly approaching the milestone of $1.5 billion. To achieve this goal, Bitwise needs to attract another $270 million in net inflows, which is expected to take about one to two months at the current pace. Although recent purchases have occurred during a period of slight price decline, institutional investors seem to be increasingly optimistic about the asset. This week, investors contributed approximately $12.7 million in net inflows, paving the way for a potential price rebound for Solana.
Source:U.Today
This content is for market information only and does not constitute investment advice.
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