Solana ETFs Draw Record $188M as Bitwise Captures Two-Thirds

Solana-based exchange-traded funds (ETFs) experienced record-breaking inflows last week, totaling $188 million. The funds attracted new money across the board, with Bitwise's BSOL leading the charge.

The data from Solana shows that BSOL accounted for about two-thirds of the total inflows, bringing in roughly $128 million during the five sessions through Sept. 25. Grayscale's GSOL followed with $28 million and Fidelity's FSOL with $18 million.

The largest influx of funds occurred on Friday, contributing nearly half of the weekly total at around $87 million. This includes $56 million for Bitwise and $19 million for Grayscale.

Bitwise has dominated demand in this space, capturing about 76% of the group's $1.6 billion in cumulative net inflows, or roughly $1.2 billion. Its share last week was slightly lower at 68%, with competing funds collecting around $60 million between them.