Solana spot ETFs record net inflows for 20 consecutive trading days since launch

U.S. Solana (SOL) spot ETFs have continued to receive inflows for 20 trading days since launch without a single net outflow.

On the 25th (local time), crypto-focused media The Block reported that the six U.S. Solana spot ETFs recorded net inflows totaling 58 million dollars the previous day. The Bitwise (BS0L) product saw inflows of 39.5 million dollars, accounting for the majority of the overall increase. This is the largest inflow since November 3.

Since first listing on October 28, the Solana spot ETFs have absorbed a total of 568.24 million dollars over 20 trading days. The six funds' total net assets amount to 843.81 million dollars, which is about 1.09% of Solana's total market capitalization.

Nick Luck, LVRG Research Director, said, "The Solana spot ETFs have shown stronger-than-expected institutional demand even in a market downturn," adding, "Diversified demand for alternative assets beyond Bitcoin and Ethereum is flowing into Solana." He went on to analyze, "While short-term selling pressure remains, ETF inflows can alleviate supply pressure and provide a basis for a rebound when the market stabilizes."

Jeff May, BTSE Chief Operating Officer, also explained, "Several traditional financial firms are choosing Solana-network-based tokenization," noting, "There are real cases such as xStocks, which tokenize U.S. stocks and ETFs." He added, "However, Solana's recent price has been following the overall market's weak trend, so it will take time for ETF inflows to lead to a price rebound."