Six U.S. Funds Bring in $58 Million in a Single Day, Signaling Growing Confidence in Solana
U.S. spot Solana exchange-traded funds have recorded 20 consecutive days of net inflows, extending an uninterrupted streak that began when the products launched in late October. The consistent demand highlights expanding institutional interest in Solana even as the broader crypto market undergoes a period of risk reduction.
Strong Momentum Across Solana Funds
Fresh data shows the six Solana ETFs added $58 million in net inflows on Monday, with Bitwise’s BSOL leading the day at $39.5 million. It marked the third-largest single-day increase since the ETFs debuted and the most significant inflow since early November.
Since BSOL’s launch on Oct. 28, Solana ETFs have accumulated $568.24 million in total inflows, while their combined assets under management now stand at $843.81 million. That figure represents roughly 1.09% of Solana’s entire market capitalization, a notable milestone for a newly introduced set of products.
Analysts say the trend reflects deeper market conviction. “The spot Solana ETFs have demonstrated strong resilience, exceeding pre-launch projections that anticipated more moderate institutional uptake amid the market downturn,” said Nick Ruck, director at LVRG Research. He added that the persistent inflows underscore Solana’s evolution into a “blue-chip asset” amid growing demand for alternatives beyond Bitcoin and Ethereum.
Supply Dynamics and Tokenization Tailwinds
Even as Solana faces short-term selling pressure tied to broader crypto de-risking, analysts argue the ETF inflows may help reinforce supply-side support. “These inflows are laying the groundwork for a potential rebound once markets stabilize,” Ruck said, stressing that consistent inflows tend to tighten available supply.
Executives also point to rising interest in Solana from traditional finance. BTSE COO Jeff Mei noted that several firms are choosing Solana as a base layer for asset tokenization, including projects that tokenize U.S. equities and ETF products. Still, he cautioned that “it will likely take time for ETFs to meaningfully impact SOL’s spot price.”
ETF Activity Extends Beyond Solana
With sustained institutional inflows and expanding tokenization activity, Solana continues to strengthen its position in the competitive layer-1 landscape.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.