Solana ETF Inflows Surge 70x to Best Week Since May

Solana ETF inflows surged to their strongest since May, but the increase was largely driven by just two funds from Bitwise and Morgan Stanley. During the week ending August 14, Solana ETFs attracted $10.26 million in net inflows, a 70-fold increase from the previous week's $144,930.

The influx of capital marks the strongest weekly inflow since May 22. However, almost all of the fresh capital came through Bitwise's Solana ETF (BSOL) and Morgan Stanley's Solana Trust (MSOL), which accounted for virtually the entire weekly inflow.

Combined, BSOL attracted $8.8 million on August 10, while MSOL added another $1.43 million on August 11. The rest of the Solana ETF market recorded no net flows during the week.