- U.S. spot Solana ETFs have recorded 20 straight days of inflows, totaling $568M since launch.
- Bitwise’s BSOL led Nov. 24 with $39.5M of the day’s $58M in inflows.
- Growing institutional demand reinforces Solana’s position as a leading blue-chip altcoin.
Solana just hit a huge milestone in the ETF arena. U.S. spot Solana ETFs have now logged 20 consecutive days of net inflows, marking one of the strongest early adoption streaks for any crypto ETF outside Bitcoin and Ethereum. Since launching in late October, these funds have consistently attracted capital even as broader market sentiment remained shaky.
According to SoSoValue data, spot Solana ETFs brought in $58 million on Nov. 24 alone, led by Bitwise’s BSOL with a massive $39.5 million haul — its third-largest recorded inflow and the biggest since Nov. 3. Altogether, U.S. SOL ETF products have accumulated $568.24 million in net inflows since launch.
The lineup includes Bitwise’s BSOL, VanEck’s VSOL, Fidelity’s FSOL, 21Shares’ TSOL, and Grayscale’s GSOL, which recently converted from its Solana Trust. Collectively, these ETFs now hold $843.81 million in net assets, representing about 1.09% of Solana’s market cap.
Analysts expected modest demand given recent market volatility, but the opposite happened. Nick Ruck of LVRG Research said the inflows reveal Solana’s emergence as a blue-chip altcoin as institutions look for exposure beyond BTC and ETH. He added that the ETFs’ success has “far exceeded” pre-launch projections.
The momentum around SOL is also fueling interest in more altcoin ETFs. Bitwise has already filed for a Dogecoin ETF under the ticker BWOW, while Grayscale just launched its XRP Trust ETF (GXRP) on NYSE Arca with a temporary 0% fee.
