Solana ETFs See $342M Inflows in 10 Days, $14.9M on Nov 4
US spot Solana ETFs have recorded ten consecutive days of net inflows, amassing $342 million since their October 28 debut. On November 4 alone, Solana ETFs attracted $14.9 million in net inflows—led by Bitwise’s BSOL with $13.2 million and Grayscale’s GSOL with $1.7 million. Data from SoSoValue shows Monday’s inflows of $5.92 million into BSOL and $0.85 million into GSOL, despite SOL price dipping 12% intraday to $146 before recovering above its $155 support to trade around $162–$164. In contrast, Bitcoin ETFs saw $566 million of outflows on November 4 (including $356.6 million from BlackRock’s IBIT) and a modest $1.15 million inflow on Monday, while Ethereum ETFs shed $219.4 million on November 4 (with $111.1 million from ETHA) and recorded no inflows Monday. Institutional investors are treating Solana ETFs as a high-beta diversification alongside Bitcoin and Ethereum, seeking higher returns amid market volatility. Continued Solana ETF inflows may tighten SOL supply, supporting price stability and long-term growth, potentially solidifying Solana as the third pillar of crypto portfolios.
Bullish
The sustained net inflows into Solana ETFs and strong institutional interest are bullish indicators for SOL. In the short term, continued ETF inflows may prop up demand and price support as supply tightens and traders seek high-beta exposure. Over the long term, growing adoption of Solana ETFs as a mainstream investment vehicle can lead to structural demand, supply constraints, and further price appreciation, reinforcing Solana’s position as a core altcoin asset.