Solana ETFs Draw About $200 Million in Debut Week, Lifting AUM Past $500 Million

Overview

• Net inflows reached roughly $199–200 million since the Oct. 28 launch, pushing combined assets above $500 million, with Bitwise’s BSOL accounting for about $197 million and Grayscale’s GSOL around $2 million.
• Friday added about $44.5 million to Solana ETFs as spot Bitcoin funds saw $191.6 million in outflows and Ethereum products lost $98.2 million.
• On-chain data showed a one-day $152 million jump in stablecoin supply on Solana, the largest increase among Layer-1 networks, according to Artemis data cited by Solana Floor.
• SOL’s price fell about 8% to roughly $186.75 during the inflow streak, underscoring a disconnect between fund demand and spot market performance.
• Analysts see room for much larger demand, with Grayscale’s Zach Pandl estimating ETFs could hold around 5% of circulating SOL and JPMorgan forecasting over $6 billion in first-year inflows, while staking features and yields are cited as key draws.