Solana ETF Inflows Surge 70x to Best Week Since May, But There’s a Catch
Solana (SOL) spot exchange-traded funds (ETFs) drew $10.26 million within the week ending August 14, in accordance to SoSoValue. That whole ran roughly 70 occasions the prior week’s roughly $144,930.
The consumption marks the strongest week since May 22. Two funds produced virtually all of it throughout two periods.
Bitwise and Morgan Stanley Took the Entire Week
Bitwise’s Solana ETF (BSOL) attracted $8.8 million on August 10, accounting for the majority of the week’s inflows. It was additionally the fund’s largest single-day influx since May 12, in accordance to SoSoValue data.
Morgan Stanley’s Solana Trust (MSOL) adopted with $1.43 million in inflows on August 11. Together, the 2 funds accounted for just about the complete $10.26 million weekly whole.
VanEck, Fidelity, 21Shares, Franklin Templeton, and Grayscale, meanwhile, recorded zero web flows all through the week. This left the weekly rebound concentrated in simply two funds and two buying and selling periods.
Overall, Solana ETFs have now recorded web inflows for seven consecutive weeks, bringing whole inflows over that interval to $28.05 million. The funds ended the week with $893.5 million in web property, whereas cumulative inflows since launch reached $1.16 billion.
Despite the renewed ETF demand, SOL worth motion remained subdued. The token traded fell 1.18%, leaving the newest ETF inflows largely disconnected from its performance. SOL was buying and selling at $75.51 at press time.
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Trading exercise additionally weakened. Combined weekly turnover throughout the Solana ETFs fell to $159.7 million from $167.3 million the earlier week, suggesting that buying and selling curiosity remained muted whilst web capital flows improved.
Bitcoin and Ethereum Funds Moved the Other Way
Meanwhile, Bitcoin (BTC) ETFs shed $389.7 million after including $853.5 million the earlier week. Trading exercise thinned alongside the redemptions.
Weekly turnover in Bitcoin funds dropped to $6.94 billion, the bottom studying since September 2024. Ethereum (ETH) merchandise completed shut to flat, shedding $2.26 million. That adopted $244.9 million of inflows the earlier week.
Smaller altcoin funds held their floor. XRP (XRP) ETFs added $2.25 million for a fifth consecutive constructive week, whereas Hyperliquid (HYPE) products took in $2.74 million.
Whether Solana flows proceed could hinge on the Agave v4.2 improve, set for mainnet activation the week of August 17.
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