Everyone says Bitcoin and Ethereum are the top dogs, but Solana’s new ETF (BSOL) just launched 8 days ago and already attracted $545 million. During the same period, BTC ETFs are bleeding, losing $210 million, and ETH isn’t doing much better.

What’s even crazier is that SOL dropped 29% this month from its all-time high, yet institutions are buying the dip. 700,000 daily transactions, 3.2 million active wallets, the network is super stable. Grayscale couldn’t sit still and launched its own Solana ETF, which pulled in $114 million right out of the gate.

What do analysts say? Solana has the most hardcore community in crypto, rivaled only by BTC and ETH. The current support level is at $155—if it breaks $165, it could rebound to the $200-250 range.

The most interesting part is that big money is starting to move. Instead of going all in on Bitcoin, they’re starting to buy smaller coins with higher yields. Bitwise is already preparing the next ETF—Dogecoin. They used a trick with the 8-A form on the regulatory side, and the SEC hasn’t reacted yet, so the window may only be 20 days.

Market data: SOL current price $159, BTC +0.08%, ETH +1.18%.