Spot Solana ETFs have pulled in $568m since launch

US spot Solana ETFs log 20 straight days of inflows; $568m since launch.

On 24 November, US spot Solana-ETFs logged net inflows for the 20th consecutive day. The positive trend has held since the instruments launched in late October.

Daily inflows reached $57.99m. Bitwise’s BSOL led with $39.47m—the third-largest on record and the most since 3 November.

Since BSOL’s debut, cumulative inflows into Solana-ETFs have hit $568.24m. Six funds manage $843.81m in assets, about 1.09% of SOL’s market capitalisation.

LVRG Research director Nick Rak noted the sector’s resilience. Institutional interest has exceeded analysts’ conservative forecasts amid a market slump.

“The steady inflow of capital confirms Solana’s maturity as a ‘blue chip’. Sophisticated investors are seeking diversification beyond bitcoin and Ethereum,” the expert said.

Rak added that ETF activity will provide fundamental support for the asset and reduce market supply, paving the way for a price rebound once industry conditions stabilise.

Jeff May, chief operating officer at BTSE, pointed to the trend of tokenising traditional assets on the Solana network. However, he stressed that SOL still correlates strongly with the broader crypto market. It will take time for ETF launches to translate directly into the token’s price.

Other altcoin ETFs

In parallel, spot funds based on XRP attracted $164.04m.

That is the second-largest tally after the $243m record set on 14 November. Funds from Grayscale and Franklin Templeton took in more than $60m each.

Grayscale also launched on the NYSE the first spot Dogecoin-ETF under the ticker GDOG, converting a previously created trust. On its first trading day the product saw no net inflows, with $1.41m in turnover.

Bloomberg senior analyst Eric Balchunas suggested that trading volume for the DOGE-based fund could reach $11m.

Grayscale Dogecoin ETF $GDOG approved for listing on NYSE, scheduled to begin trading Monday. Their XRP spot is also launching on Monday. $GLNK coming soon as well, week after I think pic.twitter.com/c6nKUeDrtI

— Eric Balchunas (@EricBalchunas) November 21, 2025

He also expects swift approval of Grayscale Chainlink Trust—likely next week.

Grayscale Dogecoin ETF $GDOG approved for listing on NYSE, scheduled to begin trading Monday. Their XRP spot is also launching on Monday. $GLNK coming soon as well, week after I think pic.twitter.com/c6nKUeDrtI

— Eric Balchunas (@EricBalchunas) November 21, 2025

On 18 November, trading began in spot exchange-traded funds based on Solana from Fidelity (FSOL) and Canary Capital (SOLC) on NYSE Arca and Nasdaq, respectively.