Solana ETFs Pull In $188 Million as Bitwise Captures 68% of Weekly Inflows

U.S. spot exchange-traded products linked to Solana saw $188.21 million in inflows over five trading days ending Sept. 25, among the highest weekly net inflows since inception. The Bitwise Solana Staking ETF, known as BSOL, was the top beneficiary, receiving $128.46 million, or 68% of the net inflows into U.S. Solana-linked spot ETFs over the week.

Grayscale’s GSOL had the second-highest trading volume of $28.06 million, and Fidelity’s FSOL had $17.59 million in trading activity. Other issuers of stock include Morgan Stanley, VanEck, Franklin Templeton, and 21Shares.

Notably, all seven Solana-focused funds tracked had positive net inflows during the week, suggesting that investment in Solana funds increased despite Bitwise having the largest market share.

Friday saw the highest activity. Solana ETFs saw net inflows of about $86.67 million on Sept. 25, the highest single-day inflow since the ETFs launched. About $55.73 million of the net inflows into Solana ETFs on Sept. 25 went to BSOL, and Grayscale’s ETF saw inflows of about $18.47 million. Net inflows on Friday accounted for almost half of net inflows over the previous five days.

Net flows represent funds flowing into ETFs, less redemptions. Net flows should not be confused with trading activity, which represents changes in ETF shares owned by investors. ETFs offer investors a way to gain exposure to SOL▲$101.41 using a traditional brokerage account without needing to own or store SOL or other cryptocurrencies.