U.S. Spot Solana ETFs See $58M Inflows Monday, Mark 20th Straight Positive Day

Monday marked the 20th consecutive day of net inflows to the U.S. spot Solana exchange-traded funds (ETFs), as the products tracking the price performance of the fifth-largest cryptocurrency by market capitalization reported $58 million in net inflows.

The positive streak that has been going on since the funds’ launch in late October reflects investors’ belief that Solana could play a major role in the next wave of blockchain growth, and the ETF performance could lay the groundwork for SOL’s potential price rebound once the broader de-risking across the crypto market settles.

U.S. Spot Solana ETFs See $58 Million in Net Inflows, Third-Largest Daily Inflow Since October Debut

According to data from SoSoValue, a major portion of the $57.99 million reported daily total net inflow came from Bitwise’s BSOL, which attracted $39.47 million. This marked the third-largest daily inflow for the ETFs, and their largest since November 3 ($70.5 million), the first trading day of the month.

Fidelity’s FSOL, with $9.74 million, Grayscale’s GSOL with $4.66 million, VanEck’s VSOL ($3.14 million), and 21Shares’ TSOL ($970,540) in inflows, completing the order.

Counting Monday’s inflows, the U.S. spot Solana ETFs have attracted a cumulative net inflow of $568.24 million since BSOL, the first SOL-backed ETF, began trading on October 28. The six funds hold total net assets of $843.81 million, which is equivalent to roughly 1.09% of Solana’s market capitalization, and have traded a total value of $62.25 million in SOL to date.

Nick Ruck, director at LVRG Research, said that the spot Solana ETFs have demonstrated strong market resilience, outperforming pre-launch expectations of more moderate institutional demand amid a broader market downturn. He noted that the sustained capital influx highlights the maturation of SOL as a blue-chip crypto, drawing in “sophisticated” investors seeking diversified exposure beyond legacy digital assets like Bitcoin (BTC) and Ethereum (ETH) in the highly competitive DeFi space.

Analysts Suggest that ETF Inflows are Poised to Reflect in SOL’s Price as Broader Crypto Market Begins to Stabilize

Ruck also pointed out that while SOL is currently facing selling pressures due to broader de-risking events across the crypto market, the ETF inflows are poised to provide foundational support and tighten supply dynamics to set the stage for a potential price rebound once the market stabilizes.

BTSE exchange’s chief operating officer (COO), Jeff Mei, highlighted that multiple traditional financial institutions have selected the Solana blockchain to tokenize their assets, such as xStocks, a platform that allows users to trade U.S.-listed stocks and ETFs on Solana-based DeFi platforms by converting them into the Solana Program Library (SPL) token standard.

Each stock listed on xStock, such as TSLAx for Tesla, NVDAx for Nvidia, or SPYx for the SPDR S&P 500 ETF, provides price exposure to the corresponding stocks – TSLA, NVDA, and SPDR – and is backed 1:1 by the underlying equity assets held with regulated custodians. These tokens can be traded 24/7 on supported centralized and decentralized exchanges like Kraken, Raydium, and Jupiter, offering global access, fractional ownership, and instant settlements. It is primarily available to non-U.S. retail investors in select countries.

However, Mei added that despite the positive sentiment, SOL’s price has fallen in recent weeks as its movements are still aligned with the overall crypto market, and it will take a while for the ETFs to impact the price.

At the time of writing, Solana (SOL) is trading at $136.10 – up 5.38% in 24 hours.

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