Solana Spot ETF Hits $598M AUM with 10-Day Net Inflows
Since its launch two weeks ago, the Solana spot ETF has recorded net inflows for ten consecutive trading days, attracting a total of $598 million in assets under management (AUM). According to SoSoValue data, the Solana spot ETF saw $6.78 million in net inflows on the latest trading day. Bitwise’s BSOL led with $5.92 million, bringing its cumulative inflow to $330 million, while Grayscale’s GSOL added $850,000, lifting its total to $12.8 million. Solana’s weight in the ETFs stands at 0.64%. Meanwhile, SOL trades around $165, down about 1% in 24 hours, with a market cap of $91.3 billion and daily volume of $5.7 billion. On-chain metrics remain robust, with a seven-day moving average of daily active addresses staying elevated, indicating resilient network activity that supports positive trading sentiment.
Bullish
The continuous 10-day net inflow streak and nearly $600 million AUM signal strong institutional demand for the Solana spot ETF, which can provide sustained buying pressure on SOL. Daily inflows led by BSOL and GSOL highlight growing confidence in Solana’s market prospects. Despite a minor 1% dip in SOL price, elevated on-chain activity and stable volume suggest underlying network strength. In the short term, consistent inflows may limit downside risk and attract momentum traders. Over the long term, robust AUM growth and on-chain metrics could underpin further SOL price appreciation as institutional adoption deepens.