Solana ETFs Hit $1 Billion as Whales Drive Futures Activity

Solana's spot ETFs have reached an impressive milestone, surpassing $1 billion in assets under management. According to Yellow.com, Goldman Sachs has taken a significant position, disclosing a $108 million stake as whales dominate futures flows.

The funds saw inflows of $35.17 million last week, marking five consecutive positive sessions, according to FinanceFeeds. Bitwise's BSOL leads the pack with approximately $620 million, accounting for about 62% of the SOL ETF market, MEXC data show.

Solana has struggled to reclaim its peak price, trading near $87 on Saturday and still about 71% under its January 2025 high of $294. CryptoQuant data reveal that Solana Futures activity since February has been driven by oversized whale orders, while spot volumes remain subdued.