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Following
SOL Bitwise Solana ETF absorbed US$9.65 million against the background of falling SOL prices, and the inflow trend continued into the seventh trading day.
Despite the decline in Solana (SOL) prices, Bitwise's Solana ETF still attracted US$9.65 million in inflows, extending its consecutive positive trading days to seven. Cumulative net inflows have reached approximately US$1.23 billion, US$270 million short of the US$1.5 billion milestone. Bitwise accounts for approximately 76% of total U.S. Solana ETF inflows, but it should be noted that positive fund demand does not guarantee an immediate rebound in asset prices.
Continued influx of funds and market sentiment limitations
On September 28, Bitwise's Solana ETF received another investment of US$9.65 million, continuing its seven consecutive trading days of capital inflows. According to SoValue data, the fund's cumulative net inflow is approximately US$1.23 billion, and ETF demand remains positive during the Solana correction period.
For seven consecutive trading days, investors continued to inject funds into Bitwise products, showing strong and sustained demand. However, these data do not distinguish between institutional investors and other market participants. In addition, inflow data cannot identify individual investors or explain their investment motivations, which somewhat limits the ability to draw broader conclusions about shifts in overall market sentiment.
Market share and target gap
At the same time, the U.S. Solana ETF sector attracted a total of US$12.7 million in funds on September 28. Among them, Bitwise contributed about 76% of the shares, while other funds received $3.05 million.
随着累计净流入额接近12.3亿美元，Bitwise还需约2.7亿美元的额外净投资才能达到15亿美元的目标。尽管如此，这七天的连续流入并没有提供达到该目标的可靠时间表，因为每日的申购和赎回情况随时可能发生变化。
资金流向与价格表现的背离
需要明确的是，累计净流入额衡量的是投资者投入金额减去撤资金额后的净值，而基金持仓的市场价值则直接反映SOL的价格波动。因此，即使投资者不断向ETF追加资金，Solana价格的下跌仍可能导致现有持仓价值的缩水。
同样地，正向的ETF资金流并不保证SOL价格会立即回升，因为更广泛的市场交易活动也会 influencing SOL的价格走势。9月28日的数据表明，尽管基础资产价格表现疲软，市场对Bitwise基金的需求依然保持正面。
除了延长流入趋势外，这965万美元的增量也加强了Bitwise对Solana ETF市场整体当日正收益的贡献。其在总流入量中占据的巨大份额凸显了该基金在当天的市场地位，但这并不意味着后续交易走势将沿此方向继续发展。总体而言，Bitwise连续七天的资金流入推动累计净投资额向15亿美元迈进，而SOL价格的回调则进一步凸显了基金需求与资产价格之间的差异。
