Spot Solana ETFs Continue Strong Inflows, Reach 10-Day Streak

TLDR

• Spot Solana ETFs reported $6.78 million in net inflows on Monday, marking the 10th consecutive day of positive inflows.
• Bitwise’s BSOL led the inflows with $5.92 million, while Grayscale’s GSOL saw $854,480 in inflows.
• Since their launch on October 28, the two Solana ETFs have attracted a combined total of $342.48 million in net inflows.
• Monday’s net inflow of $6.78 million was the lowest daily figure since the ETFs debuted.
• Despite early concerns, Solana ETFs have exceeded expectations for institutional adoption and investor interest.

Spot Solana exchange-traded funds (ETFs) recorded their 10th consecutive day of net inflows on Monday. According to data from SoSoValue, Solana ETFs saw a total net inflow of $6.78 million. This followed a $5.92 million inflow into Bitwise’s BSOL, while Grayscale’s GSOL received $854,480.

Bitwise’s BSOL led the inflows, attracting $5.92 million on Monday. This was a continuation of a strong trend since BSOL’s launch on October 28. The fund has seen positive inflows nearly every day, except for two occasions when GSOL saw no activity.

The two Solana ETFs combined have brought in a total of $342.48 million since their launch. Despite the strong inflows, Monday’s figure of $6.78 million marked the lowest daily inflow to date. The funds initially saw inflows of nearly $200 million during their first week.

Grayscale’s GSOL Sees Continued Growth in Flows

Grayscale’s GSOL also contributed to the inflows, though it was not as prominent as Bitwise’s BSOL. On Monday, GSOL reported an inflow of $854,480. GSOL has maintained positive inflows since its launch, supporting overall growth in Solana ETFs.

As the only other Solana ETF in the U.S., GSOL has attracted a total of $342.48 million since the launch of both funds. While its inflows are lower than BSOL’s, the steady growth signals continued investor interest in Solana exposure through ETFs.

Despite early concerns over regulatory risks and technical challenges, Solana ETFs have exceeded expectations. “The U.S. spot Solana ETF inflow streak significantly outperformed pre-launch expectations,” said Nick Ruck, director at LVRG Research. Many investors have viewed these ETFs as a way to diversify into Solana’s ecosystem alongside BTC and ETH ETFs.

Investors appear willing to take on more volatility for potential returns. “Solana ETFs offer a high-beta complement to BTC and ETH ETFs,” Ruck added. This strategy highlights the appeal of Solana as a high-risk, high-reward investment in the altcoin cycle.

Solana ETF Inflows Provide Support for SOL Price

As Solana ETFs continue to attract investment, the inflows could help support the price of SOL. The inflow activity may help tighten supply dynamics and draw in more institutional capital. Currently, Solana is trading at $164.24, reflecting a 1.85% decrease in the last 24 hours.

On Monday, spot Bitcoin ETFs saw $1.15 million in net inflows. Bitwise’s Bitcoin fund led this movement. Ethereum ETFs saw no net flows for the day, while other ETFs, such as Litecoin, saw smaller inflows.

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