{"id":91381,"date":"2025-11-25T12:50:29","date_gmt":"2025-11-25T09:50:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=91381"},"modified":"2025-11-25T12:56:41","modified_gmt":"2025-11-25T09:56:41","slug":"spot-solana-etfs-have-pulled-in-568m-since-launch","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/spot-solana-etfs-have-pulled-in-568m-since-launch\/","title":{"rendered":"Spot Solana ETFs have pulled in $568m since launch"},"content":{"rendered":"

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

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Source: SoSoValue<\/a>.<\/figcaption><\/figure>\n

Daily inflows reached $57.99m. Bitwise\u2019s BSOL led with $39.47m\u2014the third-largest on record and the most since 3 November.<\/p>\n

Since BSOL\u2019s debut, cumulative inflows into Solana<\/a>-ETFs have hit $568.24m. Six funds manage $843.81m in assets, about 1.09% of SOL\u2019s market capitalisation.<\/p>\n

LVRG Research director Nick Rak noted<\/a> the sector\u2019s resilience. Institutional interest has exceeded analysts\u2019 conservative forecasts amid a market slump.<\/p>\n

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\u201cThe steady inflow of capital confirms Solana\u2019s maturity as a \u2018blue chip\u2019. Sophisticated investors are seeking diversification beyond bitcoin and Ethereum,\u201d the expert said.<\/em><\/p>\n<\/blockquote>\n

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.<\/p>\n

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\u2019s price.<\/p>\n

Other altcoin ETFs<\/h2>\n

In parallel, spot funds based on XRP<\/a> attracted $164.04m.<\/p>\n

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Source: SoSoValue<\/a>.<\/figcaption><\/figure>\n

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.<\/p>\n

Grayscale also launched on the NYSE the first spot Dogecoin<\/a>-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.<\/p>\n

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Source: SoSoValue<\/a>.<\/figcaption><\/figure>\n

Bloomberg senior analyst Eric Balchunas suggested that trading volume for the DOGE-based fund could reach $11m.<\/p>\n

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

\u2014 Eric Balchunas (@EricBalchunas) November 21, 2025<\/a><\/p><\/blockquote>\n