Solana ETFs draw record $188 million in a week as Bitwise takes two-thirds of inflows

U.S. spot Solana ETFs recorded a weekly net inflow of $188 million, with every fund in the cohort gaining assets. Bitwise’s BSOL led the group, taking about $128 million — roughly 68% of last week’s total — and has accumulated about $1.2 billion of the $1.6 billion in the group’s cumulative inflows.

By AI Newsroom· Reviewed by Pranav, Founder & Editor-in-ChiefPublished less than a minute agoUpdated less than a minute ago0 views

Solana ETFs draw record $188 million in a week as Bitwise takes two-thirds of inflows

Why It Matters

The concentrated inflows underscore strong investor demand for Solana exposure through broker-friendly spot ETFs and highlight Bitwise’s dominant market share within the product group. The flows coincide with network developments as Solana engineers test a major latency-reduction upgrade, which could affect the chain’s payments and settlement profile.

Key Facts

Weekly net inflows: $188 million (week through Sept. 25, 2026)
Bitwise BSOL share of weekly inflows: $128 million (68%)
Cumulative group inflows: $1.6 billion
Bitwise cumulative share: $1.2 billion (roughly 76% of cumulative inflows)
Friday net inflows (single day): $87 million (largest daily intake since launch)

U.S. spot exchange-traded funds tracking Solana drew a record $188 million in net inflows during the week ending Sept. 25, with each of the seven listed funds receiving new money. Bitwise’s BSOL dominated the week, pulling in about $128 million, while Grayscale’s GSOL and Fidelity’s FSOL added roughly $28 million and $18 million, respectively. The remaining providers — Morgan Stanley, VanEck, Franklin Templeton and 21Shares — together accounted for about $14 million.

A single trading day drove nearly half of the weekly total: the funds recorded approximately $87 million of net inflows on Friday, the largest daily amount since the products launched. On that day, Bitwise took in about $56 million and Grayscale added around $19 million. Net inflows measure money entering the ETFs after withdrawals, not secondary-market share trading.

Bitwise’s BSOL has been the dominant vehicle for investor demand since the group debuted, representing roughly $1.2 billion of the $1.6 billion in cumulative net inflows across the cohort — about 76% overall. Last week’s 68% share for BSOL was somewhat below that long-term proportion, as competing funds collected about $60 million during the five-session period.

The ETF flows came as Solana developers continued public testing of Alpenglow, an upgrade designed to cut payment finality from about 12.8 seconds to roughly 150 milliseconds. The upgrade reached a second public testnet on Friday; developers said the 150-millisecond speed is a target and have not announced a launch date for the live blockchain. During Monday Asian morning hours, SOL traded near $119, still about 60% below its record close to $293.

Investor appetite for crypto ETFs extended beyond Solana last week: U.S. spot bitcoin ETFs drew about $2.4 billion and ether products added roughly $690 million, according to calculations using Farside data cited by CoinDesk.