Solana ETFs Hit Record Cumulative Net Inflows of US$1.22 Billion

Solana Exchange Traded Funds (ETFs) in the United States have reached a record cumulative net inflow of US$1.22 billion, with a daily absorption of US$33.5 million on August 24.

This marks the largest daily absorption this year and extends the inflow streak to five consecutive sessions, according to data from SoSoValue.

Bitwise's BSOL led Monday's absorption with US$25 million, bringing its cumulative total to US$948.2 million, which is about 80% of all capital entering this category.

Fidelity's FSOL added US$4.8 million and Grayscale's GSOL followed with US$3.7 million, with the two combined attracting over US$315 million in net inflows since launch.

However, most of the record cumulative figure did not come from investor demand but rather initial capital from issuers, which amounts to about 37% of the total.