Solana ETF Inflows Plummet 97% Amid Shift to Bitcoin

Solana's US ETF inflows saw a significant decline of 97% in the week ending September 4, as compared to the previous five trading sessions. According to Farside Investors, the net inflows for Solana ETFs stood at $4.9 million, down from $142.7 million in the earlier period. This marks a notable slowdown in the allocation of capital into Solana funds.

In comparison, Ethereum funds also experienced a decline in net inflows, while Bitcoin funds attracted more capital. The Solana ETFs that reported non-zero net flow entries during this period were confined to BSOL, FSOL, and GSOL, with VSOL, TSOL, and SOEZ showing zero net flow on every session.

A separate CME positioning report showed leveraged funds becoming less net short in $SOL. However, the group remained net short, with a difference of 1,273,000 $SOL as of September 1. The smaller net short position cannot be described entirely as funds reducing short positions.

For sustained demand through Solana ETFs, repeated positive weeks with participation across more products would provide clear evidence. Comparing these flows against a consistent asset base would help distinguish a meaningful increase in allocation from a large-looking dollar figure in a much larger fund market.