Solana ETF See $48M Inflows as Bitcoin and Ethereum Funds Lose $550M
This article was first published on The Bit Journal.
In a sudden turn around, investors yanked more than $550 million out of Bitcoin and Ether ETFs, which ended a week-long rally and also gave the signal that there is a temporary cool-off in institutional demand for the top two digital assets. Yet; while the rest of the market was in red, Solana’s ETFs headed in the opposite direction, attracting around $48 million in fresh capital.
Analysts and fund managers point out that Solana’s ability to pair staking with strong network fundamentals is changing investor attitudes.
ETF Flow Data: A Stark Divergence in Fortunes
Just recently, U.S. spot crypto ETFs tracking Bitcoin registered around $470.7 million in outflows. Fidelity’s FBTC lost $164.36 million, while ARK and 21Shares’ ARKB was down by around $143.80 million. Other Bitcoin-linked ETFs like BlackRock’s IBIT and Grayscale’s GBTC also chipped in with redemptions of $88.08 million and $65.01 million respectively.
Ethereum ETFs were also in the red, registering around $81.44 million in withdrawals (Fidelity’s FETH accounting for $69.49 million) even as day trading volume reached $2.43 billion.
This stood in stark contrast to Solana ETFs, which jumped into positive territory. Bitwise Asset Management’s flagship Solana product (BSOL) pulled in about $46.5 million in net inflows on the day (in addition to earlier inflows), while Grayscale investment’s GSOL added $1.4 million on its first full trading day.
In total, combined spot Solana ETFs inflows drew $47.9 million and since launch, they have pulled in $117 million in total.
Why Solana ETF Inflows Gained Strength
The rise in Solana ETF inflows is rooted in many factors. The Solana product structure gives investors a taste of yield via staking. The Bitwise Solana Staking ETF (BSOL) holds about 82% of its SOL in stake and is working towards full staking, making it more appealing to institutions that are after returns.
Solana’s network fundamentals also gained a lot more credibility with institutions; its DeFi TVL had more than tripled year to date, transaction volumes were up, and uptime patterns were on point.
A Comparison to Bitcoin and Ethereum Outflows
The flow data highlights the scale of this shift. While Bitcoin and Ethereum funds collectively saw a net outflow of about $552 million, Solana ETFs drew around $47- $48 million on the same day.
Further, even the Solana ETF launches themselves were a huge success. BSOL reported a massive first-day inflow of $69.45 million on debut, taking its AUM up to nearly $289 million.
In contrast, Bitcoin and Ethereum still have much larger assets under management but the net outflow event suggests the flow momentum may be shifting.
Solana ETF Inflows Implications
Solana ETF inflows may have multiple implications for the crypto ecosystem. Increased institutional access via ETFs improves Solana’s visibility in traditional portfolios.
The capital flowing into Solana may reduce available liquid supply (given staking and locking mechanisms), potentially supporting price. Sources note 70% of SOL circulating supply is staked which tightens tradable liquidity.
The Solana ETF inflows may stimulate a broader altcoin-infrastructure rotation. Investors looking beyond Bitcoin and Ethereum may allocate to networks like Solana that have staking yields, infrastructure potential and ETF access.
Conclusion
The current Solana ETF inflows are part of an ongoing change in the crypto ETF space. According to global data reported earlier this month, cryptocurrency ETFs saw $5.95 billion in weekly inflows ending October 4, 2025; with Solana seeing $706.5 million that week.
This means the recent Solana ETF inflows are part of a larger trend that altcoins infrastructure chains will increasingly get dedicated ETF capital.
Moreover, ETF issuers are now offering staking-enabled products (like BSOL) not just price-tracking exposure which expands the type of institutional product available.
The magnitude of the Solana ETF inflows, therefore, means both flow rotation and product innovation.
Driven by yield, network and product, the Solana ETF inflows show institutional allocation in crypto is going beyond the top coins.
Glossary
ETF (Exchange-Traded Fund) – A pooled investment product traded on exchanges; providing exposure to assets such as cryptocurrencies.
Staking rewards – Income generated by locking tokens in a proof-of-stake network; to validate transactions or secure the network.
AUM (Assets Under Management) – Total value of assets managed by a fund.
Liquid supply – The portion of a cryptocurrency’s circulating supply; that is readily tradable on exchanges or markets.
Infrastructure chain – A blockchain platform (like Solana) that supports applications; DeFi, tokenization and other on-chain activity beyond mere value transfer.
Frequently Asked Questions About Solana ETF Inflows
What does Solana ETF inflows mean?
It’s the net investment into ETFs that offer Solana (SOL) exposure; specifically BSOL and GSOL, not ETFs that track Bitcoin or Ethereum.
Why are BTC and ETH ETFs seeing outflows when Solana ETFs are seeing inflows?
Part of it is the shift in investor focus; institutions want exposure to yield-enabled; infrastructure-layer assets (like Solana) not just the top two coins. Also; macro and product design differences may contribute to the diverging flows.
How much did Solana ETFs pull in on October 29?
According to multiple sources, Solana ETFs pulled in $46.5m (Bitwise BSOL) and $1.4m (Grayscale GSOL) that day, totaling $47-48m.
What does this mean for crypto ETFs?
The flows show crypto ETFs are evolving: infrastructure-layer assets and staking-enabled designs are gaining traction which may lead to broader institutional diversification beyond Bitcoin/Ethereum.
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