Bloomberg analysts: About half of the Solana ETF inflows came from institutional buyers with assets under management exceeding $100 million.

Bloomberg ETF analyst Eric Balchunas wrote on the X platform that since the launch of spot ETFs in July, SOL has fallen by 57% (probably one of the worst launch times in ETF history), but these ETFs have still attracted a cumulative $1.5 billion in inflows with virtually no significant redemptions. Furthermore, approximately 50% of the assets come from institutional investors filing 13F reports—meaning a fairly serious and professional investor base. Both of these are very positive signs for the future. Odaily: A 13F report is a quarterly holdings report required by the U.S. Securities and Exchange Commission (SEC) under the Securities Exchange Act for institutional investors managing more than $100 million in assets.