Record Inflows Defy Market Sentiment
Solana exchange-traded funds have achieved a remarkable milestone, recording 20 consecutive days of net inflows since their launch in late October. This streak of consistent demand is something neither Bitcoin nor Ethereum ETFs managed to accomplish after their own debuts.
The momentum peaked around November 24-25, 2025, when these funds attracted a record $58 million in a single day. This has pushed cumulative net inflows to approximately $568.24 million, with total assets under management (AUM) soaring to around $870 million and rapidly approaching the $1 billion milestone. Leading the charge has been Bitwise’s BSOL fund, which alone commanded $39.5 million of the record single-day inflow.
A Striking Shift in Institutional Allocation
This sustained interest in Solana ETFs presents a stark contrast to the broader crypto ETF landscape. While capital has been flowing steadily into Solana, traditional giants have been bleeding value. In a comparable period in November, Bitcoin ETFs witnessed outflows of $3.70 billion, while Ethereum ETFs saw outflows of $1.64 billion. This divergence signals a potential rotation of institutional capital away from the two largest assets and toward Layer 1 alternatives like Solana.
Analysts note that Solana has been the only major digital asset to post persistent inflows throughout November, attracting $369 million over a three-week period while BTC and ETH funds lost capital. This performance has far exceeded pre-launch projections and suggests that institutions are beginning to view Solana as a “blue-chip” asset for diversified exposure in the decentralized finance landscape.
Catalysts for Solana’s Institutional Appeal
Several factors are driving this institutional interest. A key differentiator for certain funds, like Bitwise’s BSOL, is that they stake 100% of their SOL holdings. This provides investors with a yield on top of price exposure, an attractive feature that Bitcoin ETFs cannot offer, especially in a shaky market. The low management fees, such as the 0.20% annually for BSOL, also make these products cost-efficient for institutions.
Furthermore, the Solana network continues to demonstrate robust fundamental growth, processing tens of millions of transactions daily and attracting significant tokenization projects from traditional finance firms. This strong utility, combined with a more progressive regulatory landscape for these launches, has built a compelling long-term case for institutional investors who appear to be looking past short-term price volatility. The impending launch of a Solana ETF from asset management giant Franklin Templeton is also seen as a potential catalyst that could bring another wave of institutional demand.
