Solana ETFs See Record Inflows Amid Network Upgrade Testing

U.S. spot Solana exchange-traded funds (ETFs) saw record-breaking net inflows last week, totaling $188 million across all seven products.

The surge in demand was led by Bitwise's BSOL, which attracted $128 million of the total inflows and accounts for 68% of the week's intake.

Friday alone contributed a record $87 million to the group's net inflows, with $56 million coming from Bitwise and $19 million from Grayscale.

The Solana network developers are currently testing the Alpenglow upgrade, which aims to reduce payment finality times from 12.8 seconds to 150 milliseconds.