TL;DR
- Record inflows: Solana ETFs brought in a record $188 million during the week, with Bitwise’s BSOL accounting for roughly $128 million and every fund in the category reporting positive inflows.
- Broad demand: Friday delivered about $87 million for the group, the largest daily intake since launch. Bitwise continues to hold the largest share of cumulative inflows.
- Bitcoin strength: U.S. Bitcoin ETFs added almost $2.39 billion during the week, extending a seven-session inflow streak, as developers continued testing Solana’s Alpenglow upgrade.
Solana ETFs posted their strongest week on record after attracting $188 million in net inflows during the five trading sessions ending Sept. 25. The milestone came alongside another powerful week for crypto investment products, with U.S. Bitcoin ETFs drawing nearly $2.39 billion despite Bitcoin surrendering part of its earlier rally. The surge highlighted growing investor interest across multiple digital asset funds. For Solana ETFs, every fund in the category recorded positive inflows, contributing to a new weekly high for the group.
Bitwise Leads Record Week for Solana Funds
Data shared by Farside showed Solana ETFs collected $188 million during the week, with Bitwise’s BSOL accounting for roughly $128 million of that total. Grayscale’s GSOL added $28 million, while Fidelity’s FSOL attracted $18 million. Morgan Stanley, VanEck, Franklin Templeton, and 21Shares combined for the remaining $14 million. Friday alone represented nearly half of the weekly inflows.
Solana ETFs added approximately $87 million that day, the largest single-day intake since launch. BSOL led with about $56 million, followed by $19 million for GSOL. Spot products give investors exposure to SOL through traditional brokerage accounts without requiring a crypto wallet.
For Solana ETFs, net inflows reflect fresh money entering funds after withdrawals are accounted for. Bitwise continued to dominate the segment. Its BSOL fund has gathered approximately $1.2 billion of the group’s cumulative $1.6 billion in net inflows. Even so, competing Solana ETFs collected about $60 million during the week, showing demand was spread across multiple issuers.
Bitcoin ETFs Extend Seven-Day Inflow Streak
The strong performance of Solana ETFs came during a broader wave of buying in crypto funds. U.S. Bitcoin ETFs attracted approximately $2.386 billion over five consecutive trading sessions, extending their net inflow streak to seven trading days. Monday produced the largest daily inflow with $999 million, followed by $714.7 million on Tuesday.
Inflows then slowed to $346.9 million on Wednesday, $190.7 million on Thursday, and $134.5 million on Friday. BlackRock’s IBIT led Bitcoin fund demand with roughly $1.16 billion during the week. Fidelity’s FBTC pulled in about $701.6 million, and ARK 21Shares’ ARKB added approximately $294.7 million.
Network Development Adds to Momentum
Interest in Solana ETFs has arrived alongside continued network development. SOL traded around $119, still roughly 60% below its record near $293. Meanwhile, developers are testing Alpenglow, an upgrade designed to reduce the time before transactions become irreversible from about 12.8 seconds to roughly 150 milliseconds.
The project recently reached the network’s second public testing environment, although no launch date has been announced. For now, record inflows into Solana ETFs and sustained demand for bitcoin products highlight continued investor appetite across crypto-focused funds.
