Overview
- Net inflows reached roughly $199–$200 million in the first week, led by Bitwise’s BSOL, while combined assets across the two funds surpassed about $500 million.
- BSOL posted four straight days of inflows and added about $44.5 million on Friday, while Grayscale’s GSOL took in around $2.2 million for the week.
- Rotation was evident on Friday as spot Bitcoin ETFs saw about $191.6 million in outflows and spot Ether ETFs shed roughly $98.2 million.
- On-chain signals aligned with the flows, including a reported $152 million 24‑hour rise in Solana stablecoin supply and a 1.1 million SOL transfer from Jump Crypto to Galaxy Digital.
- Analysts outlined growth potential, with JPMorgan projecting more than $6 billion of first‑year inflows for new Solana ETFs and Grayscale’s Zach Pandl estimating the products could hold about 5% of circulating SOL, or roughly $5 billion, within one to two years.