Solana ETF By Bitwise Records Zero Inflow As Market Rally Cools Down

TLDR

• The Bitwise Solana ETF saw no inflow on Nov. 28 despite a prior $70M inflow over two days.
• BSOL’s total inflow stands at $527.9M, still the highest among Solana ETFs.
• Fidelity and Grayscale Solana ETFs added $2.4M and $4.3M, respectively, on the same day.
• Solana price held steady at $136, testing $140 resistance with moderate buying activity.

The Bitwise Solana ETF (BSOL) recorded its first day without any new inflows on Friday, November 28. This development came after a consistent series of strong daily gains, placing BSOL at the forefront of Solana-based exchange-traded products.

The pause occurred shortly after BSOL recorded $39.5 million in inflow on November 24 and $31 million on November 25. The ETF now holds a cumulative inflow total of $527.9 million, the highest among all Solana ETFs.

ETF Inflows See Mixed Performance

According to Farside Investors, a platform tracking ETF flows, the Bitwise Solana ETF was the only Solana ETF to report zero inflow on November 28. Other ETFs in the segment continued to draw investor interest.

Fidelity’s Solana ETF added $2.4 million in new inflows, pushing its total to $32.2 million. The Grayscale Solana ETF performed slightly better, with $4.3 million in new capital, increasing its cumulative total to $77.9 million. Combined, the Solana ETF ecosystem attracted $5.3 million on the same day.

Despite the drop in activity from Bitwise, analysts suggest that this could reflect a market pause rather than a reversal in sentiment. BSOL has continued to lead the segment in both volume and daily investor engagement since launching in late October.

Solana Price Holds Firm Near $136 While Testing Key Resistance Level

At the same time, Solana’s native cryptocurrency (SOL) maintained its price above $130 and reached $136 by market close on November 28. The asset had recently traded within a $130–$140 range before pushing toward the upper limit.

Technical analysis shows that the price is now testing the resistance level at $140. If it breaks through, the next price target could be close to $150. Indicators like the MACD, currently at 1.03, and the Chaikin Money Flow at 0.14 suggest a conservative upward trend.

Analysts noted that the moderate histogram and positive money flow levels reflect ongoing but cautious investor interest in the token.

Market Activity Suggests Short-Term Pause Rather Than Declining Interest

The zero inflow seen by BSOL followed a week of intense trading activity, which may indicate short-term exhaustion or profit booking by institutional participants.

Despite the brief pause in performance, Bitwise remains the dominant player in the Solana ETF space. Its strong early momentum has helped the fund accumulate more than $500 million in just over a month of trading.

Meanwhile, other ETFs such as those from Fidelity and Grayscale are gradually building their positions. Their inflow patterns suggest that investor appetite for Solana-based financial products remains steady even when the market takes a brief pause.

With Solana’s price movement stabilizing and ETF inflows diversifying, investors are closely watching whether BSOL’s zero-inflow day signals a turning point or a brief recalibration.

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