Solana spot ETFs posted their strongest 10-day inflow stretch on record, drawing $138 million in net inflows. The surge included a $47 million single-day inflow on Tuesday.
Bitwise’s BSOL also crossed $1 billion in assets under management, becoming the first Solana ETF to reach that level. The milestone arrived as SOL fell 4.26% to $103.58 during a broader crypto market sell-off.
Glassnode reported that Solana spot ETFs accumulated $138 million in net inflows across the latest 10-day period. The data marked the category’s strongest stretch on record.
Tuesday delivered the largest single-day inflow, with funds attracting $47 million. Recent inflow charts also showed ETF balances rising across several issuers.
Bitwise’s BSOL led the group, according to Glassnode’s figures. The fund now holds about 9.3 million SOL and manages more than $1 billion.
Bitwise said BSOL reached the milestone exactly 10 months after its launch. The firm also stated that roughly $1 billion entered the fund during a bear market.
Bloomberg ETF analyst Eric Balchunas said Solana investment products have recorded $1.7 billion in cumulative flows. He noted the category avoided an extended period of net outflows.
Teddy Fusaro, Bitwise president, also pointed to the gap between BSOL’s asset growth and its market performance. He said BSOL remained roughly 40% below its listing price.
Fusaro added that Solana remained about 60% below its all-time high. He described the product as the third crypto asset ETP to surpass $1 billion.
SOL traded at $103.58 after falling 4.26% over 24 hours, according to CoinMarketCap data. The decline tracked a wider sell-off across the crypto market.
CoinMarketCap linked the move primarily to rising risk aversion following hawkish Federal Reserve commentary. Bitcoin also declined 4.24%, keeping SOL closely aligned with broader market direction.
The data provider also cited profit-taking after SOL recently rallied toward $110. A modest rotation away from altcoins followed as Bitcoin dominance increased.
CoinMarketCap identified $104.41 as an important Fibonacci support level for SOL. Holding that area could support another move toward $110.
However, a sustained move below that level could expose SOL to a deeper pullback toward $100. The price decline therefore contrasted with continued accumulation across Solana ETF products.
The divergence showed that ETF demand continued even as spot prices weakened. BSOL’s asset milestone and the sector’s record inflow stretch occurred during the same period.
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