Bitwise sells $46.5M in BTC and ETH, buys SOL
- —Sold 162.78 BTC for ~$12.32M and 14,300 ETH for ~$34.21M
- —Sold 50,060 HYPE for ~$3.94M, total sales of ~$50.47M
- —Bought 13,750 SOL for ~$1.34M via Coinbase
- —AUM of the Solana ETF BSOL exceeded $1B
Why it matters: A major asset manager is rotating out of BTC and ETH into SOL, which could support demand for Solana products.
Source: Blockmedia