Solana ETFs Pull In $188 Million as Bitwise Captures 68% of Weekly Inflows
U.S. spot Solana exchange-traded products recorded $188.21 million in inflows during the week ending Sept. 25, with the Bitwise Solana Staking ETF capturing 68% of the total weekly inflows.
During the five-day period concluding on Sept. 25, U.S. spot Solana exchange-traded products recorded $188.21 million in inflows, marking one of the highest weekly net totals since these products debuted. The Bitwise Solana Staking ETF (BSOL) led the market, pulling in $128.46 million, which accounted for 68% of all net inflows into U.S. Solana spot ETFs during the week.
Grayscale’s GSOL achieved the second-highest trading volume at $28.06 million, followed by Fidelity’s FSOL with $17.59 million in trading activity. Additional fund issuers include Morgan Stanley, VanEck, Franklin Templeton, and 21Shares.
Significantly, all seven tracked Solana-centric funds posted positive net inflows for the week, indicating that investment across Solana funds grew even as Bitwise captured the largest market share.
Market activity peaked on Friday, Sept. 25, when Solana ETFs registered roughly $86.67 million in net inflows—representing the largest single-day haul since their launch. Of that daily total, BSOL attracted about $55.73 million, while Grayscale’s ETF drew roughly $18.47 million. Friday’s net inflows made up nearly half of the total net inflows accumulated over the prior five days.
Net flows reflect incoming funds minus redemptions, differing from trading activity, which measures shifts in ETF shares held by investors. ETFs give market participants a mechanism to gain exposure to SOL via standard brokerage accounts without needing to directly hold or store SOL or other digital assets.
Bitwise also maintained an extended head start. Cumulative net purchases for U.S. spot Solana ETF shares over this timeframe reached approximately $1.6 billion, with BSOL accounting for roughly $1.2 billion of those purchases.
That concentration has historically given Bitwise a larger proportion of total cryptocurrency purchases than its 68% market share from last week, as rival issuers have lately attracted a greater share of ongoing purchases.
Read More: Can Solana Hit $200 by the End of 2026? Main 3 Catalysts Could Send SOL Soaring
The Solana milestones coincided with heavy investment across other U.S. cryptocurrency ETFs. Spot bitcoin ETFs brought in $2.4 billion last week, while spot ether ETFs pulled in $690 million alongside rising inflows into other exchange-traded digital asset funds.
In Asia trading on Monday, SOL changed hands at around $119, sitting well below its peak of approximately $293. Purchases of SOL ETFs occurred despite this depressed price level, which was about 60% under the all-time high. Investor demand within ETFs remains separate from long-term movements in the price of SOL.
In separate developments, developers on the Solana network advanced Alpenglow, a proposed consensus upgrade designed to drop transaction finality from 12.8 seconds down to roughly 150 milliseconds.
The upgrade rolled out on public testnets in late September, giving validators and users an opportunity to evaluate the system prior to a mainnet deployment. Further testing on public testnets is scheduled ahead of any mainnet upgrade.
Read More: Solana’s 150ms Upgrade Is Coming: Could SOL Become the Fastest Major Blockchain?
Alpenglow functions by altering the validator consensus architecture to introduce direct voting in place of the existing methodology.
The 150-millisecond figure serves as a target rather than a proven performance benchmark on the mainnet, and Solana has not disclosed a specific timeline for deploying the Alpenglow feature on the mainnet.
Frequently Asked Questions
How much did U.S. spot Solana ETFs pull in last week?
U.S. spot Solana exchange-traded products brought in $188.21 million in net inflows over the five trading days ending Sept. 25.
Which fund captured the most weekly inflows?
The Bitwise Solana Staking ETF (BSOL) captured $128.46 million, accounting for 68% of the net inflows into U.S. Solana spot ETFs for the week.
What is the Alpenglow upgrade?
Alpenglow is a proposed consensus upgrade for Solana designed to shorten transaction finality to roughly 150 milliseconds by utilizing direct voting instead of the current mechanism.
How does trading activity differ from net flows in ETFs?
Net flows measure incoming funds minus redemptions, whereas trading activity reflects shifts in ETF shares owned by investors.
Web3 PR Specialist | KOL | Blockchain Advocate | Digital Strategy Expert based in Moscow, Russia. Focused on Web3 communications, blockchain, digital strategy, and community growth.
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