Investors are showing a preference for Solana ETFs this November, attracting $369 million in inflows, contrasting sharply with the significant redemptions experienced by Bitcoin and Ethereum ETFs.

Key Points:

• Solana’s performance presents a shift towards yield-generating assets, with SOL being treated as such by both institutional and retail investors.
• Bohdan Opryshko, COO of Everstake stated: “Investors are treating Solana as a yield-generating asset rather than a speculative trade.”
• Solana’s staking rewards of 5%-7% are seen as an attractive alternative to Bitcoin and Ethereum products.

From November 3 to 24, Bitcoin ETFs suffered $3.7 billion in net redemptions, while Ether products lost $1.64 billion according to SoSoValue. During the same period, Solana staking ETFs saw inflows totaling $369 million, signaling a preference for yield-bearing assets.

Solana ETFs have attracted $369 million in inflows this month. Source: SoSoValue

Furthermore, data shows that a remarkable 67% of the circulating SOL supply is currently staked, a strong indicator of Solana’s emerging yield profile among proof-of-stake blockchains.

As traditional yields tighten, Sebastien Gilquin from Trezor remarked: “Institutions are now gravitating toward productive assets.”

The groundwork laid by Solana’s impressive staking rewards is likely to redefine investment strategies in the crypto ecosystem.