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Digital asset investment products have experienced a second consecutive week of outflows, but Solana looks to be bucking the trend. Notably, last week was full of outflows from cryptocurrency-based investment products, amounting to a substantial $726 million.
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Solana (SOL) is showing signs of recovery as the altcoin is steadily advancing towards the crucial $137 mark. After recent fluctuations, the cryptocurrency is experiencing a resurgence of bullish momentum, challenging the strength of ongoing bearish resistance.
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Solana (SOL) is one of the strongest assets in the crypto market, currently navigating a consolidation phase following three weeks of aggressive volatility marked by significant ups and even more significant downs.
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Solana has recently demonstrated impressive upward momentum, with its price rising steadily and now setting its sights on the $164 mark.
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In a significant setback for the entire crypto industry, the US Securities and Exchange Commission (SEC) has rejected the filing of several firms for Solana ETF submitted by Cboe Global Markets.
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Amid regulatory hurdles surrounding Spot Solana Exchange-Traded Funds (ETFs), Matthew Sigel, the head of research at popular asset management company VanEck, has confirmed the firm’s prospectus for the products is still active, demonstrating its stark confidence in the fund’s inception into the Unit
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