Key Takeaways:
- Solana ETFs recorded a record $188M in weekly net inflows.
- Bitwise’s BSOL accounted for $128M of the total inflows.
- SOL remains nearly 60% below its all-time high despite strong ETF demand.
US spot Solana ETFs just recorded their strongest week since launching. According to SoSoValue data, the Solana ETF product managed to bring in a record $188 million in net inflows over the five days leading up to September 25. All funds in the group recorded inflows, which is a strong sign of fresh money moving across the Solana ETF market rather than being limited to a single product. According to the data, Bitwise’s BSOL fund took the largest share, bringing in about $128 million, or 68% of the total for the week.
All this ETF action happened while Solana’s price was still down when compared to its previous records. On Monday morning, September 28, 2026, SOL traded at about $119, which is a lot lower than its all-time high near $293. Meanwhile, Solana’s developers were busy testing Alpenglow, which is a planned network upgrade meant to make payments final much faster.
Bitwise’s BSOL takes the Largest Share of Weekly Inflows
Bitwise’s BSOL was the clear source of most of the new money entering Solana ETFs during the week, pulling in about $128 million from investors. Then there was Grayscale’s GSOL, which took in around $28 million. Fidelity’s FSOL followed with roughly $18 million. The rest, about $14 million, went to Morgan Stanley, VanEck, Franklin Templeton, and 21Shares.
So, while investors put money into a few different Solana ETFs, Bitwise still received the biggest share of new cash. BSOL’s 68% share of the week’s inflows is just below its usual share of the market.
Since these products launched, BSOL has collected about $1.2 billion out of the $1.6 billion total inflows, which is a massive 76% share. With that being said, the numbers for last week show rivals are starting to attract more money. Competing funds brought in about $60 million combined, which is a bigger share than they usually get.
Spot ETFs let investors get into SOL through their regular brokerage accounts, without needing to set up and manage a crypto wallet themselves.
The net inflow numbers show how much money is coming in after discounts for withdrawals, not just investors trading among themselves. Friday stood out, with Solana ETFs attracting $87 million in a single day, their best since launching. Bitwise led with $56 million, while Grayscale notched about $19 million.
Solana ETF Inflows Come Alongside Broader Crypto Fund Buying
According to SoSoValue’s X post, it was not just the Solana spot ETFs that saw inflow. US Bitcoin ETFs saw about $2.4 billion in inflows that week, and ether ETFs drew roughly $690 million. What stands out here is that the inflows for Solana ETFs reached a record high even though SOL itself was still trading far below past highs, hovering at $119 on Monday, almost 60% under its record price.
For investors, these ETFs offer a straightforward way to get exposure to SOL without owning the actual cryptocurrency. So, the weekly inflow figures show how much fresh money is moving into these products, independent of whatever Solana’s price is doing.
Solana Price Stays Under Pressure Despite Strong ETF Demand
However, the thing to notice here is that even though the Solana ETFs have managed to bring in fresh money, the price of the token is still struggling. At press time, the token is trading at $119.53 with a drop of 3% in the last 24-hours as per CoinGecko.
All this new investment came while Solana developers kept working on Alpenglow. This upgrade aims to reduce the time for payments to be considered final from about 12.8 seconds down to about 150 milliseconds.
On Friday, Alpenglow reached Solana’s second public test environment. The 150 millisecond figure is still a goal, though it is not confirmed on the main network yet. Developers have not said when the update will go live. So, Solana is seeing a lot of action.
The record ETF inflows give Solana a fresh source of buying demand, but they have yet to translate into a clear price rally. SOL remains well below its previous all-time high, showing that strong ETF demand alone has not been enough to push the token back toward its records.
The coming weeks will show whether this new institutional demand can support a sustained recovery. For now, the $188 million weekly inflow is a sign that investors are continuing to seek SOL exposure even while the token trades far below its peak.
