{"id":90907,"date":"2025-11-12T11:17:57","date_gmt":"2025-11-12T08:17:57","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=90907"},"modified":"2025-11-12T11:21:30","modified_gmt":"2025-11-12T08:21:30","slug":"solana-etfs-attract-over-350-million-in-11-days","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/solana-etfs-attract-over-350-million-in-11-days\/","title":{"rendered":"Solana ETFs Attract Over $350 Million in 11 Days"},"content":{"rendered":"

As of the trading session on November 11, spot exchange-traded funds<\/a> based on Solana<\/a> attracted $7.9 million. This marks the 11th consecutive day of positive inflows.\u00a0<\/p>\n

\"image\"
Dynamics of inflows and outflows in spot Solana ETFs. Source: SoSoValue<\/a>.\u00a0<\/figcaption><\/figure>\n

The majority of the inflows were directed towards GSOL from Grayscale, amounting to $5.9 million, while BSOL from Bitwise accounted for $2 million.\u00a0<\/p>\n

The total trading volume reached $23 million.\u00a0<\/p>\n

Since the launch of these instruments in late October, investors have poured $350.4 million into them. The funds manage assets worth $568.3 million, representing 0.6% of Solana’s total supply.\u00a0<\/p>\n

Unexpected Results\u00a0<\/h2>\n

Nick Rook, Director of LVRG Research, told The Block<\/a> that the steady inflow into spot ETFs based on the altcoin was a surprise to the market. The results significantly exceeded initial conservative forecasts.\u00a0<\/p>\n

He noted that many experts were initially skeptical about the potential institutional demand for the instrument.\u00a0<\/p>\n

Rook emphasized that investors view Solana exchange-traded funds as a high-yield addition to positions in Bitcoin and Ethereum. These market participants consciously accept increased volatility, hoping for higher returns.\u00a0<\/p>\n

\n

“In the long run, sustained inflows into ETFs should provide long-term support for the SOL price by tightening supply dynamics and attracting institutional capital,” the expert added.<\/em><\/p>\n<\/blockquote>\n

So far, the positive dynamics of the instruments have not significantly impacted the altcoin’s price. At the time of writing, the asset is trading around $156, having decreased by 5% over the past day.\u00a0<\/p>\n

\"image\"
Hourly chart of SOL\/USDT on Binance. Source: TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n

Senior analyst at etf.com, Sumit Roy, stated that the inflows into spot Solana ETFs appear “logical,” given the coin’s market capitalization of $90 billion.\u00a0<\/p>\n

\n

“The coin has a dedicated community of supporters, possibly the strongest after Bitcoin and Ethereum,” he noted in a conversation with <\/em>Decrypt<\/em><\/a>.<\/em><\/p>\n<\/blockquote>\n

In his view, the appeal was also enhanced by the staking feature included in the instruments. Roy suggested that Solana-based exchange-traded funds could accumulate at least 5% of the asset’s market value.\u00a0<\/p>\n

Bitcoin and Ethereum ETFs\u00a0<\/h2>\n

Instruments based on the first cryptocurrency attracted $523 million, bringing the total net inflow to $60.4 billion.\u00a0<\/p>\n

\"image\"
Dynamics of inflows and outflows in spot Bitcoin ETFs. Source: SoSoValue<\/a>.\u00a0<\/figcaption><\/figure>\n

The largest share went to IBIT from BlackRock \u2014 $224 million. FBTC from Fidelity and ARKB from Ark & 21Shares received $165 million and $102 million, respectively.\u00a0<\/p>\n

Bitcoin ETFs currently manage assets worth $137.8 billion, representing 6.6% of the total issuance of digital gold.\u00a0<\/p>\n

Exchange-traded funds based on Ethereum recorded an outflow of $107 million. ETH from Grayscale lost $75 million, while ETHA from BlackRock saw a $19 million outflow.\u00a0<\/p>\n

\"image\"
Dynamics of inflows and outflows in spot Ethereum ETFs. Source: SoSoValue<\/a>.\u00a0<\/figcaption><\/figure>\n

Earlier in November, the American provider of post-trade, clearing, and settlement services in the financial market, DTCC, added<\/a> five spot ETFs based on XRP<\/a> to its list.<\/p>\n","protected":false},"excerpt":{"rendered":"

Spot exchange-traded funds based on Solana attracted $7.9 million as of November 11, marking 11 consecutive days of positive inflows.<\/p>\n","protected":false},"author":1,"featured_media":90908,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Solana ETFs attracted $7.9M on Nov 11, marking 11 days of inflows.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,569,46,1159],"class_list":["post-90907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-etf","tag-ethereum","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"191","promo_type":"1","layout_type":"1","short_excerpt":"Solana ETFs attracted $7.9M on Nov 11, marking 11 days of inflows.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=90907"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90907\/revisions"}],"predecessor-version":[{"id":90909,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90907\/revisions\/90909"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/90908"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=90907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=90907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=90907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}