Record $188 Million Inflows into U.S. Solana ETFs Led by Bitwise
- U.S. spot solana exchange-traded funds (ETFs) attracted a record $188 million last week.
- Bitwise’s BSOL accounted for approximately two-thirds of the total inflows, or about $125 million.
- On Friday alone, the funds added nearly $87 million, marking the largest single-day inflow since their launch.
- Bitwise received $56 million on that day, while Grayscale attracted $19 million.
- Overall, Bitwise has captured about $1.2 billion of the group’s cumulative net inflows totaling $1.6 billion, representing roughly 76% market share.
The significant inflows into ETFs allow investors to gain exposure to SOL without needing to manage a crypto wallet directly. This trend highlights growing interest in solana products among institutional investors and retail traders alike.
Last week’s record inflow of $188 million underscores the dominance of Bitwise in this market segment, as it secured about $125 million alone in new investments.(Source)
