Solana and Chainlink ETFs Post Biggest Inflows in a Month as Investors Return
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Spot Solana (SOL) and Chainlink (LINK) exchange-traded funds (ETFs) attracted their biggest daily inflows in a month on April 16.
The buying signals a return of institutional interest in mid-cap altcoin products.
Altcoin ETFs Wake Up: Solana and Chainlink Products See Inflow Spike
According to SoSoValue data, the $15.5 million inflow into spot Solana ETFs was the largest single-day total since March 17. Those products absorbed $17.81 million on that date. In addition, the figure nearly tripled the prior day’s $5.36 million.
Cumulative net inflows for the category now stand at $996.82 million, just shy of the $1 billion mark. April 16 also marked the first three-day positive flow streak for Solana ETFs since mid-March.
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Chainlink ETFs added $1.57 million on April 16, the highest daily inflow since March 19. The figure represented a roughly 9.5x jump from the prior session and extended a six-day run of positive flows.
The products have not recorded a single day of net outflows. Moreover, the six-day buying streak is the longest consecutive streak the category has logged. Chainlink ETF AUM stands at $102.28 million, roughly matching cumulative inflows of $103.32 million.
Price Reaction Remains Modest
Spot prices for both tokens responded only modestly. LINK traded near $9.46, up 1.6% in 24 hours and roughly 5.54% over the past week.
SOL changed hands near $88, gaining 3.3% on the day and 5.6% across seven days. Notably, Solana was the largest gainer among the top 10 cryptocurrencies by market capitalization.
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Both tokens outpaced Bitcoin (BTC) and Ethereum (ETH), which rose less than 1% over the same 24-hour window. Nonetheless, SOL and LINK have still traded in the red over the past month.
The April 16 flows mark a tentative shift after weeks of cautious positioning. Whether the combined inflows represent a durable rotation back into altcoin products remains uncertain. Flow data in the coming sessions will determine if the shift holds or fades.
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