Solana Spot ETFs Draw Record Inflows as Bitwise BSOL Tops $1 Billion

Solana spot ETFs have seen their strongest net inflow stretch on record, attracting $138 million across the past 10 days. The influx included a single-day high of $47 million on Tuesday.

Bitwise's BSOL Solana Staking ETF led the pack, crossing $1 billion in assets under management (AUM) with approximately 9.3 million SOL held. This milestone was reached exactly 10 months after its launch and marks the first Solana ETF to reach this threshold.

The Solana spot ETF category has accumulated $1.7 billion in cumulative flows, avoiding a prolonged stretch of net outflows. Bitwise's president, Teddy Fusaro, noted that BSOL remains roughly 40% below its listing price, while Solana itself is about 60% below its all-time high.

Solana (SOL) prices fell 4.26% to $103.58 over the past 24 hours, tracking a broader sell-off across the crypto market. CoinMarketCap attributed the decline to rising risk aversion following hawkish Federal Reserve commentary and profit-taking after SOL recently rallied toward $110.