Solana ETF Boom Continues With Fourth Straight Day of Inflows

Investor interest in spot Solana exchange-traded funds (ETFs) continues to grow, with the funds posting a fourth consecutive day of inflows amid a broader capital shift away from Bitcoin and Ethereum products.

Data from Farside Investors shows Solana ETFs attracted $44.48 million on Friday, pushing total inflows to $199 million. The Bitwise Solana ETF (BSOL) led the charge, gaining nearly 5% in a single day.

Meanwhile, traders continued taking profits in Bitcoin ETFs, which saw $191.6 million in outflows on Friday—marking their third straight day of losses after shedding nearly $490 million on Thursday and $470 million the day before. Ethereum ETFs also lost momentum, recording $98.2 million in outflows, bringing cumulative inflows down to $14.37 billion.

Capital Rotates Toward Solana

Market analysts describe the inflows as part of an ongoing “capital rotation” from major crypto assets into newer narratives. Vincent Liu, Chief Investment Officer at Kronos Research, said the shift underscores investors’ growing appetite for yield opportunities and emerging ecosystems.

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“Solana ETFs are surging on fresh catalysts and capital rotation, as Bitcoin and Ether see profit-taking after strong runs,” Liu noted. “The momentum could persist into next week as the majors consolidate, barring any major macro shocks.”

New Products Boost Institutional Interest

The surge in interest follows the debut of the Bitwise Solana Staking ETF (BSOL) earlier this week. The fund launched with $222.8 million in assets, giving investors access to Solana’s staking yield—estimated around 7%—in a regulated format.

Several other ETF issuers are expanding their offerings as well. Canary recently rolled out new funds focused on Litecoin and Hedera, while Grayscale prepares to convert its Solana Trust into an ETF. In Asia, Hong Kong also approved its first spot Solana ETF last week, signaling rising institutional appetite for alternative crypto exposure.