Crypto
Solana ETFs Cross $1 Billion in Cumulative Inflows Led by Bitwise's Staking Fund
US Solana spot ETFs attracted a combined $26.1 million in net inflows last week, a significant increase from some of their slowest days on record.
The majority of these flows went into Bitwise's Solana Staking ETF (BSOL), which brought its cumulative inflows to over $1.1 billion since launch, and Grayscale's Solana Trust (GSOL) with another $7.8 million added to its historical total of roughly $144 million.
BSOL's staking exposure allows the fund to capture both staking rewards generated on the Solana network and price appreciation, a feature that has contributed to its strong inflow performance relative to other Solana funds.