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.
The post Solana and Chainlink ETFs Post Biggest Inflows in a Month as Investors Return appeared first on BeInCrypto.
