Solana continues to prove the skeptics wrong. For the tenth consecutive day, Solana spot ETFs record net inflows, confirming the growing interest of institutional investors in one of Ethereum’s main rivals.
ETF Solana: a continuous influx that shows no sign of weakening
On Monday, the two Solana spot ETFs recorded a total of $6.78 million in net inflows, according to SoSoValue data. The Bitwise BSOL fund attracted the majority of the flow, with $5.92 million, while Grayscale GSOL drew in an additional $854,000.
Since their launch on October 28th, these two funds have accumulated $342.48 million in net inflows. This is an impressive start for a cryptocurrency that just a few months ago was considered too risky to appeal to major asset managers.
Even though Monday’s inflows represent their weakest day since launch, they confirm a solid trend: institutional investors are not shying away from Solana.
Exceeding expectations
Prior to their launch, few were betting on such rapid enthusiasm. Analysts were expecting timid institutional adoption, hampered by doubts about Solana’s technical stability and still unclear regulatory positioning.
But reality has exceeded all projections: over $70 million in inflows in a single day last week. A figure described as a “huge number, good sign” by Eric Balchunas, senior analyst at Bloomberg ETF.
According to Nick Ruck, director of LVRG Research, Solana ETFs are now seen as a “high-beta play” compared to Bitcoin and Ethereum ETFs: a riskier bet, but potentially more rewarding.
A dynamic that supports SOL price?
These constant inflows are significant. Although they do not really tighten the available supply, they could attract institutional capital, creating upward pressure on the SOL price.
Even though Solana has retreated by 1.85% over the last 24 hours, to $164.24, analysts believe that these incoming flows could provide sustainable support to the price in the weeks ahead.
Solana establishes itself among the elite
While Bitcoin ETFs recorded $1.15 million in net inflows on Monday, and Ethereum funds remained stable, Solana confirms its rise to prominence, as more marginal ETFs like Litecoin ($2.11 million in inflows) struggle to keep up.
Behind these numbers, a clear trend emerges: Solana is no longer just a “promising altcoin”, but an infrastructure that institutional investors now take seriously.
