Solana
Why Solana is up 2.1% today
Analysis
Solana (SOL) rose 2.1% over the past 24 hours as traders digested ETF-related positioning news tied to SOL exposure. CoinGape reported that Grayscale executives and its parent firm trimmed holdings in Solana-linked ETF products, an update that can draw attention to SOL’s institutional/ETF flows and spur near-term repricing.
Contributing Factors (1)
Grayscale Executives, Parent Firm Trim Holdings in XRP, Solana, & Chainlink ETFs
Executives from crypto asset management company Grayscale and its parent Digital Currency Group (DCG) and related investment firm have sold shares in XRP, Solana, and Chainlink ETFs. The selloffs occu...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.