Solana ETF Volume Explodes: Anomaly Or New Normal?
Solana spot exchange-traded funds (ETFs) have witnessed a $220 million spike in buying and selling quantity. Here’s what this might imply for the asset.
Solana Spot ETF Volume Has Shot Up
In a brand new perception post on its web site, on-chain analytics agency Santiment has mentioned what spikes within the spot ETF buying and selling quantity imply for Bitcoin and Solana. Spot ETFs check with funding autos that enable merchants to realize oblique publicity to an underlying asset. In the context of cryptocurrencies, they permit traders an off-chain route into digital belongings that doesn’t require them to cope with exchanges and wallets; the fund buys and custodies the tokens on their behalf.
The US Securities and Exchange Commission (SEC) authorized the primary Bitcoin spot ETFs again in January 2024. Ethereum funds received the inexperienced mild in July of that 12 months, whereas Solana obtained its approval in October 2025. Thus, whereas BTC and ETH spot ETFs have been round for a while now, SOL merchandise are comparatively new. As the chart shared by Santiment exhibits, SOL spot ETFs noticed a burst of buying and selling quantity through the preliminary launch hype.
Solana spot ETF quantity rose to a high of $122 million on October twenty eighth, however pleasure was fast to expire because the metric fell to a a lot decrease stage quickly after. This file wasn’t damaged for the remainder of the 12 months, however six days into 2026, SOL ETFs lastly noticed exercise surpassing that of the launch interval.
From the chart, it’s seen that SOL quantity hit $220 million on January sixth, considerably larger than the October twenty eighth spike. The uptick within the cryptocurrency’s funding autos has come as its value has loved a rally, and Morgan Stanley has filed for its first Solana and Bitcoin ETFs.
As for what the quantity surge may imply for the asset, it’s onerous to say from the info of SOL ETFs alone, as they’re nonetheless fairly younger. Bitcoin ETFs, alternatively, have been round for 2 years now, so some interpretations will be constructed from their knowledge.
As the analytics agency has highlighted within the chart, Bitcoin has seen two forms of surges within the ETF quantity: a wholesome, sustained rise that helps value strikes, and sudden spikes that mark native reversals.
Solana’s newest spike could possibly be of the latter sort, however since its spot ETFs nonetheless have a small pattern measurement, the sample with them is but unsure. The sharp surge could possibly be an anomaly, or it may simply be the beginning of a brand new regular (which, in that case, would put the spike within the former class).
SOL Price
At the time of writing, Solana is buying and selling round $138, up greater than 9% during the last week.
