Bitwise Solana ETF Records Zero Inflow on Nov. 28 Despite $527.9M Cumulative Assets
Bitwise’s Solana ETF (BSOL) recorded zero net inflow on Friday, Nov. 28, marking a pause after weeks of heavy demand. Data from Farside Investors show the halt follows large daily subscriptions earlier in the week—$39.5m on Nov. 24 and $31m on Nov. 25—bringing BSOL’s cumulative assets to $527.9m, the largest among Solana ETFs. Despite Bitwise’s inactivity, the broader Solana ETF complex still attracted $5.3m in total inflows that day: Fidelity’s Solana ETF added $2.4m (cumulative $32.2m) and Grayscale’s Solana ETF added $4.3m (cumulative $77.9m). Analysts view the zero inflow as a temporary recalibration after an aggressive inflow streak rather than a sign of lasting investor flight. Key points for traders: BSOL remains the dominant Solana ETF by assets; short-term flows can be volatile after concentrated subscription days; other issuers continue to receive modest inflows, keeping overall Solana ETF demand positive.
Neutral
A zero inflow day for Bitwise’s Solana ETF is noteworthy but not necessarily market-moving. BSOL has accumulated $527.9m after multiple large subscription days; a single day with no inflow is more indicative of short-term flow volatility and reallocation rather than a change in fundamental demand for Solana exposure. The broader Solana ETF complex still saw $5.3m of inflows on the same day, with Fidelity and Grayscale adding to their totals—suggesting continued investor interest. Historically, ETF flow pauses after concentrated subscription days are common and often followed by resumed inflows or modest outflows without triggering major price moves. For traders: expect short-term volume and price sensitivity around large ETF subscription days and rebalances, but no clear bearish or bullish signal from this single zero-inflow report. Monitor subsequent daily flows, on-chain activity (SOL trading volume, staking trends), and macro risk sentiment to reassess impact over the medium term.