In its inaugural trading week, U.S. spot exchange-traded funds based on Solana attracted net inflows of $199.2 million, according to SoSoValue.
The segment currently features two players—the new BSOL from Bitwise and the converted GSOL from Grayscale. The majority of funds ($197 million) were secured by the former product.
The total assets under management for Solana-ETF reached $502 million, absorbing about 0.5% of the issuance.
The average daily trading volume was approximately $60 million.
BSOL’s advantage over GSOL lies in the temporary absence of fees. Both direct coins into staking: Bitwise locks the cryptocurrency in full, while Grayscale does so with 77%.
Bloomberg analyst Eric Balchunas noted the successful launch of these trading instruments.
What a week for $BSOL, besides the big volume, it led all crypto ETPs by a country mile in weekly flows with +$417m ($IBIT had a rare off week, it’ll be back). It also ranked it 16th in overall flows for the week. Big time debut. pic.twitter.com/HpKUTdq1J5
— Eric Balchunas (@EricBalchunas) November 1, 2025
“What a week it was for BSOL! Besides the large trading volume, it led all cryptocurrency ETP in weekly inflows with $417 million. Additionally, the fund ranked 16th in overall weekly flows. A great debut,” the expert emphasized.
The Solana price remains unaffected by the success of these derivative products. Over the week, the coin’s value fell by 3.5% to $186.
Meanwhile, ETFs based on LTC and HBAR attracted significantly less attention. Over the week, the Hedera fund received net inflows of $44 million, while the Litecoin-based product saw only $719,000.
Bitwise’s Chief Investment Officer Matt Hougan stated that Solana could replicate Bitcoin’s success, as it offers similar opportunities.