
So, “solana” means sunshine in Spanish, does it? Jolly good! And what’s sunnier than exchange-traded funds (ETFs) based on the programmable blockchain Solana’s native token, SOL? 🌞 Not much, unless you’re a chap who fancies a spot of rain. Investors have been chucking funds into U.S.-listed spot SOL ETFs like there’s no tomorrow, while giving bitcoin and ether the cold shoulder. Bitwise and Grayscale’s SOL ETFs have raked in $368.5 million since their late October debut, while BTC and ETH ETFs are left nursing their wounds with outflows exceeding $700 million each. Crikey! 📉