Bitwise Solana ETF: Hits $1B AUM First
Bitwise Solana ETF reaches $1B AUM first with $1.7B category flows despite first-half crypto market crash.
SourceAnalysis
Bitwise Solana ETF became the first to crack the $1 billion mark with the Solana ETF category posting $1.7 billion in cumulative flows and virtually no outflows after the first-half crypto market crash.
SOL trades at $107.29 inside Bollinger Bands with upper resistance at $111.31 while the 50-EMA at $96.76 and 200-EMA at $84.52 act as layered support; with RSI at 67.32 and MACD golden cross intact, price action points to a measured pullback toward the 50-EMA before continuation, sharpening SOL price prediction scenarios for institutional desks.
Eric Balchunas
@EricBalchunasBloomberg's Senior ETF Analyst and acclaimed author, co-hosting Trillions & ETF IQ while bringing deep institutional investment insights.