U.S. Spot Solana ETFs Draw Record Weekly Inflows of $188.21 Million Since Launch
Summary
- U.S. spot Solana ETFs posted a record weekly net inflow of $188.21 million last week, the largest since launch.
- Bitwise’s BSOL led the market with $128.46 million, accounting for about 68% of total net inflows.
- Despite rising inflows into spot Solana ETFs, it remains difficult to conclude that Solana’s price will continue climbing.
Forecast Trend Report by Period
U.S. spot Solana exchange-traded funds recorded their largest weekly net inflow since launch.
Solana’s official X account said on September 27 that U.S. spot Solana ETFs took in a combined $188.21 million in net inflows last week, from September 21 to September 25. That was the largest weekly net inflow since the products launched in October last year.
Bitwise’s BSOL led with $128.46 million, accounting for about 68% of total net inflows. Grayscale’s GSOL drew $28.06 million, while Fidelity’s FSOL attracted $17.59 million.
Morgan Stanley’s MSOL posted $8.15 million in net inflows, followed by VanEck’s VSOL with $4.82 million. Franklin Templeton’s SOEZ drew $1.02 million, and TSOL added about $115,000.
The weekly inflow was also notable because all seven funds tracked recorded fresh inflows, rather than demand being concentrated in a single product. BSOL led the market with more than half of the total.
The record weekly inflow into spot Solana ETFs is drawing attention to whether institutional interest in crypto investment products is expanding beyond Bitcoin and Ether. Still, ETF inflows alone are not enough to conclude that Solana’s price will continue to rise.
Solana was trading at $121.45 on Binance’s USDT market, up 0.88% from a day earlier.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.