Solana ETFs See Strongest Inflows Since May Amid Stagnant Price

Solana's ETFs have seen significant inflows in recent days. On August 10, they recorded $8.8 million in daily net inflows, the strongest single-day transaction since May.

This surge stands out against a largely subdued period of ETF flow activity from July to early August. The cumulative inflows have surpassed $1.15 billion.

The influx is primarily attributed to Bitwise's BSOL, which absorbed nearly the entire amount of $8.83 million, lifting total Solana ETFs' net assets to around $906 million.

However, the SOL price remains relatively weak near $76 despite rising activity in other areas of the network, creating a growing divergence between the token's quiet price action and increasing activity in RWA, stablecoins, tokenized equities, and perps.