While Solana spot ETFs have captured institutional investors' attention over the past six months, a clear divergence has emerged between price performance and capital inflows. As of November 2026, net capital inflows since the funds' launches have accumulated to approximately $1.43 billion, while total assets under management remain between $1.25 and $1.31 billion. This discrepancy stems from SOL’s price decline pulling down the funds’ market values. Bitwise BSOL maintains its leadership with roughly 70% market share, followed by Fidelity and Grayscale. However, recent increases in net outflows indicate that institutional demand has not grown consistently. Three developments are set to stand out heading into 2027: stronger integration of staking yields into ETF structures, intensified competition driven by lower management fees, and the introduction of new fund varieties. Morgan Stanley’s entry into the space expands institutional access, while efforts to tokenize ETF shares are also drawing attention. For Solana, the decisive factors will not be merely new ETF launches—but sustained capital inflows, the sustainability of staking yields, and growth in the network’s real economic usage.