Bitwise Solana Staking ETF Drives $7.84 Million SOL Spot ETF Outflow
On March 27, SOL spot ETFs saw $7.84 million in net outflows, entirely from Bitwise Solana Staking ETF (staking fund for Solana), while cumulative net inflows reached $986 million.
SOL
Summary
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Terms & Concepts
Spot ETF: An exchange-traded fund that holds the underlying asset directly, giving investors market exposure without owning the asset themselves.
Staking: Locking crypto tokens to help support a blockchain network and earn rewards in return.
Net assets: The total value of a fund’s assets minus its liabilities, commonly used to measure fund size.