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Solana ETF Rockets to $200 Million Milestone in Record Time

Published 1 week ago2 minute read
David Isong
David Isong
Solana ETF Rockets to $200 Million Milestone in Record Time

The Solana ecosystem is experiencing significant expansion, marked by the successful launch and steady performance of spot Solana Exchange-Traded Funds (ETFs). Newly introduced by prominent asset managers Bitwise and Grayscale, these investment products have quickly garnered substantial investor interest, reflecting growing institutional confidence in the Solana asset.

According to comprehensive data provided by Farside Investors, the Bitwise Solana ETF (BSOL) and Grayscale’s Solana ETF (GSOL) have collectively attracted nearly $200 million in inflows within their initial week of trading. This robust activity signals a strong market demand for investment vehicles directly tied to Solana's performance.

Drilling down into the specifics, BSOL has been the dominant performer, accumulating $197 million in inflows over its first four trading days. Grayscale’s GSOL, while smaller in scale, added $2.2 million during the same period, bringing the combined total to an impressive $199 million as of October 31, 2025. Bitwise led the charge, launching the first ETF with direct spot Solana exposure on October 28, a move that immediately ignited bullish sentiments across the broader cryptocurrency community.

Since its debut, the Bitwise Solana ETF (BSOL) has demonstrated consistent strong performance. It registered an impressive $69.5 million in inflows on its launch day, October 28. This was followed by $46.5 million on October 29, another $36.5 million on October 30, and a further $44.6 million on October 31. While BSOL has clearly overshadowed other offerings in terms of inflow volume, Grayscale has maintained a decent pace, recording two consecutive days of inflows totaling $2.2 million in its initial trading period. Specifically, GSOL saw $1.4 million in inflows on October 29 and $0.8 million on October 30, although no inflow was reported for October 31.

This surge in demand for Solana-based investment products underscores heightened institutional interest and confidence in the asset, despite shifting investor sentiment within the broader market. The positive performance of these Solana ETFs has fostered significant optimism among investors. Even with Solana currently experiencing a modest 1.08% decline over the last day, investors remain overwhelmingly positive regarding the asset's near-term price prospects, suggesting a strong belief in its long-term potential fueled by these new investment avenues.

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