Bloomberg analysts: Despite the sharp drop in SOL prices, the Solana ETF still attracted $1.5 billion, with approximately 50% coming from institutional investors.

According to TechFlow TechFlow, on March 6th, Eric Balchunas, Senior ETF Analyst at Bloomberg, stated on the X platform that since July of this year, despite a roughly 57% drop in the price of SOL, the Solana spot ETF has attracted approximately $1.5 billion in net inflows with virtually no significant redemptions. Data shows that about 50% of the assets come from institutional investors who have filed 13F reports with the US SEC, indicating a relatively solid market foundation. If the market capitalization of Solana is adjusted to Bitcoin's, this inflow is equivalent to approximately $54 billion in new funds, roughly double the amount Bitcoin saw during the same period, when Bitcoin's price was experiencing a significant surge. Overall, the fact that such inflows occurred despite the underperforming underlying asset reflects strong market demand for the Solana ETF.