Solana ETFs extend growth streak to 5 days after year's biggest inflows

Solana ETFs have seen a growth streak of 5 days, with Monday's $33.5 million in inflows being the largest single-day inflow since December, according to CoinDesk. This pushed cumulative net inflows to a record $1.22 billion and trading volume to $166.8 million.

The growth in Solana ETFs is part of a larger trend in cryptocurrency investments. Bitcoin has also seen significant gains, rising above $80K after a 20%+ jump last week, its biggest three-day gain since 2023, as reported by Techmeme citing Lee Ying Shan / CNBC. US spot bitcoin ETFs had $1.92B in net inflows last week.

In a separate development, Japanese bond exchange traded funds have attracted a record $1.5 billion in net inflows in the year to date, as reported by Channel News Asia and CNA - Business, citing Morningstar data. The sharp rise in Japanese government bond yields has made Japan's debt more attractive to investors, with the 10-year JGB yield reaching 2.93 per cent earlier this month, its highest since the mid 1990s.

Meanwhile, Cointelegraph reported that Bitcoin ETFs have drawn $2.26 billion over six trading days, narrowing year-to-date net outflows to about $2.57 billion.

Brief written by urgent.news from CoinDesk, Techmeme, CNA - Business, Channel News Asia, Cointelegraph — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.