70 fold surge! SOL ETF earns $10.26 million in weekly earnings, strongest since May

On August 18th, SoSoValue data showed that as of the week ending August 14th, the net inflow of US spot Solana ETFs totaled approximately $10.26 million, a nearly 70 fold increase from the previous week's approximately $145000, marking the strongest weekly inflow since May 22nd. The sudden recovery of funds has become the most prominent institutional signal in the SOL market recently. But behind the data is not a comprehensive explosion. Bitwise's BSOL saw a daily inflow of $8.8 million, accounting for approximately 86% of the total inflow for the week; Morgan Stanley's MSOL subsequently received approximately $1.43 million in inflows, with the two funds contributing almost all of the funds. That is to say, the surge in funds this round is more like a concentration of a few institutions adding positions, rather than the overall strengthening of the SOL ETF market. In terms of direct impact, the sustained net inflow of ETFs is expected to improve SOL's institutional funding expectations and provide marginal support for SOL prices; If the subsequent funding continues to expand, it may further strengthen the market's expectation that SOL will become a mainstream institutional asset allocation. Indirectly speaking, if the popularity of SOL funds continues to rise, other altcoin ETFs such as ETH and XRP may also receive attention for fund rotation. However, in the short term, we still need to be wary of the contrast between "70 times high growth and low absolute size": compared to BTC ETFs, the fund size of 10.26 million US dollars is still limited and highly concentrated. For SOL, the real bullish signal is not 70 times in a single week, but whether there will be sustained net inflows and an expansion of funding sources in the coming weeks. If you want to track the real-time flow of SOL funds, changes in trading volume, and market hotspots, you can register OKX through the AiCoin cooperation portal: 👉 https://jump.do/zh-Hans/xlink?checkProxy=true&proxyId=2 Risk Warning: The views, conclusions, and recommendations presented in this article are for reference only and do not constitute investment advice. The market is risky, and investment needs to be cautious.