Crypto News: Solana ETF Inflows Hit 16 Days Straight, Now About $476M; What's Next for Price?

Solana ETFs continued to draw steady inflows over a 16-day period that surprised many analysts. 

The streak reached more than $420 million by November 19. This happened during a period when digital asset prices struggled and major Bitcoin and Ether ETFs lost funds. 

The strength of Solana flows showed that investor interest had changed and that the new funds offered something the market wanted.

Early Launches Paved The Way For Rapid Growth

Many traders followed the launch of the Bitwise Solana Staking ETF, also known as BSOL, which began trading on October 28. Grayscale then converted its Grayscale Solana Trust into an ETF called GSOL one day later.

That move helped speed up inflows into the general group of Solana funds. The response from investors started strong and stayed steady, which surprised several market watchers who expected a slower start.

The first days of trading for BSOL and GSOL showed clear interest from large investors. A single day near the end of the streak brought a combined $28 million into the group. BSOL contributed most of that amount at $23 million, while GSOL added slightly more than $3 million. 

These figures were notable because the general market had turned lower and many investors reduced exposure to high-risk assets.

As of writing, these products have now pulled in 16 straight days of inflows, with the most recent occurring on 19 November, with $48 million in inflows BitWise, VanEck, Fidelity and Grayscale.

21 Shares’ Solana ETF was the only fund with no inflows.

New Entrants Increased Competition And Lowered Fees

VanEck launched VSOL on November 17, while Fidelity and Canary Capital followed the next day with FSOL and SOLC. The arrival of funds from major players like Fidelity showed that large firms believed demand for Solana exposure had room to grow. 

FSOL brought in more than $2 million on its first day.

The group expanded quickly. Five Solana ETFs launched or converted in less than one month. Each issuer tried to attract assets by adjusting product features and one example came from VanEck. 

The firm waived its 0.30% fee on VSOL until the fund reached one billion dollars in assets or until February 2026. 

That move increased pressure on other issuers to do more for investors.

Investors Moved Out Of Bitcoin And Ether ETFs

The move into Solana funds came as Bitcoin and Ether ETFs faced large outflows. Bitcoin ETFs lost money for five straight days. BlackRock’s iShares Bitcoin Trust saw its largest daily net outflow since launch when more than $523 million exited the fund.

Over the same period, total Bitcoin ETF outflows reached more than a billion dollars.Ether funds had a similar stretch. BlackRock’s iShares Ethereum Trust lost $165 million in one day, and total outflows across Ether ETFs reached several hundred million dollars.

These numbers showed that the market was not leaving crypto altogether. Many investors simply rebalanced into a different asset.

Several analysts described the trend as a rotation. Investors moved out of large assets after strong price runs. They then put money into Solana, which traders viewed as more growth-oriented.

Related Reading: Is $130 the SOL Bottom? Key On-Chain Signals Point to a Potential Rebound

Outlook Supported By Strong Institutional Interest

Analyst reactions have remained positive. Many said Solana ETFs surpassed early estimates by a wide margin. The result showed that the market continued to support exposure beyond Bitcoin and Ethereum. 

The rise of Solana ETFs also suggested that digital asset investing had entered a new stage where multiple networks could attract meaningful scale.

In all, the steady inflows across 16 days marked a turning point for the asset. Large issuers moved fast to launch products and investors responded with consistent buying during a weak market.