Solana spot ETFs posted their strongest 10-day inflow stretch on record, attracting $138 million in net inflows. The surge included a $47 million single-day inflow on Tuesday, according to data from Glassnode.
Bitwise's BSOL led the category, crossing $1 billion in assets under management and becoming the first Solana ETF to reach that threshold. The fund now holds approximately 9.3 million SOL tokens. Bitwise stated that BSOL reached the milestone exactly 10 months after its launch, with roughly $1 billion of inflows occurring during a bear market.
According to Bloomberg ETF analyst Eric Balchunas, Solana investment products have recorded $1.7 billion in cumulative flows while avoiding an extended period of net outflows.
The strong ETF inflows contrasted with price weakness in the broader crypto market. SOL declined 4.26% to $103.58 during a 24-hour period, tracking a wider sell-off linked to rising risk aversion following hawkish Federal Reserve commentary. Bitcoin also fell 4.24%, while profit-taking and a rotation toward larger-cap assets contributed to the downturn.
Bitwise president Teddy Fusaro noted that BSOL remained approximately 40% below its listing price, while Solana was roughly 60% below its all-time high. He described the product as the third crypto asset exchange-traded product to surpass $1 billion in assets.
