US spot Solana exchange-traded funds (ETFs) attracted $199 million in net inflows during a shortened trading week, with Bitwise’s BSOL accounting for the vast majority. Grayscale’s GSOL drew a comparatively modest sum as investor interest concentrated in a single product.
Two Solana spot ETFs are currently trading in the US: Bitwise’s BSOL and Grayscale’s GSOL. BSOL brought in $197 million of the category’s net total, while GSOL added just over $2 million. “What a week for BSOL! Aside from heavy trading, it led all crypto ETPs by weekly inflows with $417 million. It also ranked 16th overall for the week. A strong debut,” said Bloomberg ETF analyst Eric Balchunas.
Investor attention toward Solana outpaced demand for other newly launched crypto products. Parallel funds tied to HBAR and LTC saw materially lower uptake, recording $44 million and $719,000 in inflows, respectively.
The early flow figures suggest concentrated demand for Solana exposure via Bitwise’s vehicle. Market participants will be watching whether the strong start translates into sustained inflows and liquidity in the weeks ahead.