US Solana Spot ETFs See $5.37M Single-Day Inflow Led by Grayscale GSOL
US Solana spot ETFs recorded a total net inflow of $5.37 million on Nov. 28 (EST), according to SoSoValue. Grayscale’s SOL ETF (GSOL) led inflows with $4.33 million for the day, bringing GSOL’s cumulative net inflows to $77.83 million. Fidelity’s SOL ETF (FSOL) added $2.42 million on the day, with cumulative inflows of $32.30 million. 21Shares’ SOL ETF (TSOL) logged a $1.38 million outflow on the day, taking its cumulative net outflows to $27.60 million. Total net asset value (NAV) for Solana spot ETFs stands at $888 million, with Solana’s net asset ratio at 1.15% and total historical net inflows across these ETFs reaching $619 million. The report notes market-data provenance and disclaims investment advice.
Bullish
Net inflows into Solana spot ETFs, especially a sizable single-day inflow led by Grayscale’s GSOL, indicate renewed institutional demand and capital allocation toward SOL exposure via ETFs. Positive cumulative inflows ($619M historically) and nearly $888M in NAV suggest meaningful investor interest and growing ETF adoption. Outflows from TSOL are a minor counter-signal but are outweighed by larger GSOL and FSOL inflows. Historically, ETF inflows tend to support price upside in the short term by increasing demand and reducing available float; they can also improve market sentiment and attract further institutional participation over the medium term. Traders should watch continued daily flows, on-chain activity, and broader crypto risk-on drivers (BTC direction, macro liquidity). Short-term: potential upward pressure and volatility around flow announcements. Long-term: sustained inflows could be constructive for SOL price discovery and liquidity. Risk factors include sudden reversals in flows, macro shocks, or negative news affecting Solana or specific issuers.