Solana Price Hits New Low as Institutional Demand Remains Strong

Solana's recent performance has been underwhelming, with the cryptocurrency's price plummeting to below $90 in the last 24 hours. Despite this decline, institutional demand for Solana Exchange Traded Funds (ETFs) remains robust, indicating a strong appetite among investors.

The cumulative flow into Solana ETFs peaked at $1.45 billion on Tuesday, with most of these assets coming from 13F filers - serious institutional investors focused on the long term. This steady rise in inflows is a testament to the growing interest in Solana among professional investors.