In Brief:
- US spot Solana ETFs attracted $188.21 million in weekly inflows, their strongest result since launch, with every fund recording gains.
- Bitwise led the seven funds with $128.46 million, capturing roughly 68% of inflows, while Grayscale ranked second with $28.06 million.
- Friday contributed $86.67 million to the weekly total, showing substantial demand even as investor capital remained concentrated in Bitwise’s fund.
US spot Solana exchange-traded funds attracted a record $188.21 million last week, with Bitwise collecting most of the new investment. Its Solana Staking ETF, BSOL, brought in $128.46 million between September 21 and September 25, representing about 68% of the total.
According to the reported ETF figures, the seven funds recorded their strongest weekly inflow since launching late last year. Friday contributed $86.67 million, accounting for nearly half the weekly total and giving the funds a strong finish.
Significantly, all seven ETFs posted positive inflows during the period, showing that investor demand reached beyond Bitwise’s leading product. However, the distribution remained uneven, with BSOL attracting more than twice the combined inflows of the other six funds.
The figures measure net inflows, meaning the capital entering each fund after withdrawals have been deducted from investor purchases. They do not represent ETF trading volume, which measures the value of shares that investors bought and sold.
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Bitwise Takes the Largest Share While Grayscale Ranks Second
Grayscale attracted approximately $28.06 million during the five trading days, placing it second among the Solana ETF providers. Bitwise brought in about $100.40 million more than Grayscale, underscoring the distance between the market’s two largest recipients.
Together, the Bitwise and Grayscale funds collected $156.52 million, or roughly 83% of all weekly Solana ETF inflows. Consequently, the other five products shared approximately $31.69 million, even though each finished the week with a positive result.
Bitwise had established a substantial position before this record week, as BSOL crossed $1 billion in assets under management in August. It became the first Solana ETF to reach that milestone, less than a year after the fund began trading.
Moreover, the latest weekly figures show that Bitwise maintained its lead while competing funds also attracted investor capital. The record therefore reflects participation across the market, although one fund remained responsible for most of the increase.
Solana’s broader price rally coincided with the rise in ETF inflows, placing the fund figures alongside stronger cryptocurrency market activity. Still, inflow data alone cannot establish why investors bought ETF shares or how much those purchases affected SOL’s price.
For investors tracking the funds, Friday’s contribution was particularly substantial because it supplied about 46% of the weekly total. Even without that session, the preceding four trading days brought in a combined $101.54 million across the seven products.
The week ended with a new inflow record for Solana ETFs and a familiar leader at the top. Bitwise captured the largest share, while positive results across every fund showed that demand extended throughout the group.
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