Solana

The crypto market is up three percent, driven by positive sentiment ahead of Thanksgiving and expectations of a Fed rate cut in December. Tech stocks and ETF inflows also support the rise.

Solana ETFs have seen net inflows for 20 consecutive days, accumulating nearly €500 million since their launch. However, the SOL price has not followed suit, declining over 30% in the past month despite the strong institutional interest.

Grayscale’s Dogecoin ETF launched on the NYSE to a lukewarm reception, with just $1.4 million in first-day trading volume. This starkly contrasts with the highly successful launches of Solana and XRP ETFs, which saw volumes over 40 times higher.

Bitcoin gains for a second day, breaking an inverse parabola, while XRP surges 8% on new ETFs. Market eyes upcoming PPI data.

Bitvavo has listed Solayer, a new staking protocol on Solana co-founded by the network’s creators. The project aims to enhance transaction speed and accessibility of staking.

Tensor (TNSR), an NFT platform token on Solana, jumped 86% in a day to become the fifth most traded coin on Bitvavo, driven by a Coinbase acquisition, token burn, and technical breakout.

Crypto investment funds saw a massive outflow of $1.9 billion last week, marking one of the worst periods for capital flight since 2018. The exodus, led by Bitcoin and Ethereum funds, coincides with a sharp decline in Bitcoin’s price, which has fallen nearly 30% from its all-time high.

After a day of heavy outflows, Bitcoin funds saw a significant inflow of $238 million, with major funds like BlackRock’s IBIT leading the recovery. Ethereum and Solana funds also showed positive signs, though many Bitcoin investors remain in the red due to recent price drops.

Despite a significant price drop, Solana’s newly launched spot ETFs are attracting consistent capital inflows, raising questions among investors. This trend contrasts sharply with Bitcoin ETFs, which recently saw significant outflows, while SOL’s price faces resistance around the $140 level.