Bitwise Solana Staking ETF Nets $545M Inflows Amid 16% SOL Price Drop
Bitwise’s Solana Staking ETF (BSOL) has attracted $545 million in net inflows since its NYSE debut, including $223 million in seed capital. This comes as SOL price fell 16% to $156. The Solana ETF saw daily net inflows for eight straight trading days, even as spot Bitcoin ETFs experienced $2.1 billion in outflows and Ethereum funds lost $579 million. Analyst Sumit Roy attributes the strong demand to Solana’s dedicated community and BSOL’s full staking feature, which offers yield benefits over non-staking ETFs. Bitwise CEO Hunter Horsley highlighted the ongoing inflow momentum. BSOL’s share price rose 5% on its first day, signaling rising appetite for altcoin ETFs. Its success could pave the way for more altcoin ETF launches, such as Litecoin, Hedera and Dogecoin, and support portfolio diversification.
Bullish
Robust net inflows into the Solana ETF demonstrate growing investor demand for SOL exposure via staking benefits. Continuous daily purchases—despite a 16% price drop—and a 5% debut share gain signal rising liquidity and confidence. Outflows from Bitcoin and Ethereum ETFs have further redirected capital to BSOL. The ETF’s success and potential launches of other altcoin ETFs suggest sustained bullish momentum for SOL in the medium to long term.