Solana ETFs Soar to $1B in Assets Amid $138M Inflows

The Solana ETF category has seen significant investor demand in recent days, attracting $138 million in net inflows over the course of 10 days. The most notable day was August 25th when Solana products collectively drew around $47 million.

As of August 26th, Bitwise's Solana Staking ETF, BSOL, had crossed $1 billion in Assets Under Management (AUM), becoming the first Solana ETF to reach that milestone. The fund held approximately 9.3 million SOL, worth around $1.018 billion.

Despite this surge in demand, the price of SOL has dropped by 3.1% over the past 24 hours but increased by over 10% in the past week, trading at $104.05 at press time.