Solana ETFs Flooded with $8.8M as Price Remains Stagnant Near $76
Solana's ETFs have seen significant inflows in recent days, with $8.8 million pouring into Solana-based exchange-traded funds on August 10. This marks the strongest single-day inflow since May and brings the cumulative total to over $1.15 billion.
The majority of this influx can be attributed to Bitwise's BSOL, which absorbed nearly the entire $8.83 million in net inflows. As a result, Solana ETFs' total net assets have reached roughly $906 million.
This surge in institutional interest is notable, especially given the relatively subdued ETF flow activity seen throughout July and early August. However, despite this renewed demand, the SOL price has remained stagnant near $76.
The divergence between Solana's rising network activity and its static price has been building for months. Metrics such as RWA value, stablecoin supply, tokenized equity volume, and perps activity have all hit new highs in recent weeks and months.