Solana ETFs Hit Five Straight Days of Zero Net Flows
US Solana ETFs have seen five consecutive days of zero net flows as of August 4. According to Farside Investors, all six products - BSOL, VSOL, FSOL, TSOL, SOEZ, and GSOL - reported a daily net-flow number of 0.0 for the period from July 29 to August 4.
The cumulative net flow through August 4 stood at $1.122 billion, with seed amounts accounting for approximately 40% or $449.3 million of that total. This means only a portion of the cumulative figure represents later net creations.
Farside classifies $102.7 million of GSOL seed capital as a conversion from an earlier product.
Bitwise's BSOL had reported about $596.37 million of net assets on data dated August 2, while 21Shares' TSOL held around $3.09 million in assets and had nonzero daily trading volume around August 3. These figures coexisted with Farside's zero net-flow entries because assets held and exchange trading measure different activity from daily net creations and redemptions.