Solana spot ETFs recorded nearly $8 million in net inflows on February 23, standing out as the only major cryptocurrency with positive momentum amid significant outflows from Bitcoin and Ethereum ETFs. Bitcoin spot ETFs saw net outflows of $203.82 million, while Ethereum ETFs experienced $49.48 million in outflows, indicating a shift in investor behavior.
The ETF Flows report suggests that investors may be reallocating capital rather than exiting the crypto market entirely. Solana’s inflows highlight growing institutional interest, possibly driven by its expanding developer activity and ecosystem growth. Meanwhile, XRP ETFs remained flat with zero net movement, reflecting a neutral stance from investors.
