U.S. Spot Solana ETFs Defy Expectations with $342M Inflow Streak 📈
The two U.S. spot Solana ($SOL) ETFs from Bitwise ($BSOL) and Grayscale have attracted significant institutional interest, accumulating over $342 million in net inflows during their first 10 trading days. The products have now reached a combined $598 million in assets under management.
Bitwise's $BSOL fund maintains the lead with $497 million in AUM, representing approximately 0.64% of Solana's circulating supply. Despite the steady inflows, Solana's ($SOL) price has declined approximately 16% since the ETF launches, currently trading below the $200 level.
Analysts note the strong institutional demand has exceeded initial expectations, with investors potentially viewing Solana ($SOL) ETFs as a strategic "beta-play" complement to existing Bitcoin and Ethereum ETF offerings.
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U.S. Spot Solana ETFs Defy Expectations with $342M Inflow Streak 📈
The two U.S. spot Solana ($SOL) ETFs from Bitwise ($BSOL) and Grayscale have attracted significant institutional interest, accumulating over $342 million in net inflows during their first 10 trading days. The products have now reached a combined $598 million in assets under management.
Bitwise's $BSOL fund maintains the lead with $497 million in AUM, representing approximately 0.64% of Solana's circulating supply. Despite the steady inflows, Solana's ($SOL) price has declined approximately 16% since the ETF launches, currently trading below the $200 level.
Analysts note the strong institutional demand has exceeded initial expectations, with investors potentially viewing Solana ($SOL) ETFs as a strategic "beta-play" complement to existing Bitcoin and Ethereum ETF offerings.
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