Spot Solana ETFs have extended their streak of inflows for the fourth consecutive day, signaling growing investor confidence amid shifting capital from Bitcoin and Ether funds.
Data from SoSoValue shows that Solana ETFs recorded $44.48 million in inflows on Friday, bringing their cumulative total to $199.2 million and pushing total assets past $500 million.
The Bitwise Solana ETF (BSOL) led the trend, gaining 4.99% on the day and attracting the majority of new investor capital.
Bitcoin and Ether Funds See Withdrawals
In contrast, spot Bitcoin ETFs registered $191.6 million in net outflows on the same day, extending a week-long period of profit-taking.
Thursday saw $488.43 million in outflows, following $470.71 million on Wednesday.
Ether ETFs also faced outflows totaling $98.2 million on Friday, bringing cumulative inflows down to $14.37 billion after consecutive declines earlier in the week.
Capital Rotation Toward Solana
Market observers describe the trend as part of a “capital rotation” into Solana and other altcoin funds.
Vincent Liu, chief investment officer at Kronos Research, said, “Solana ETFs are surging on fresh catalysts and capital rotation, as Bitcoin and Ether see profit-taking after strong runs.”
He added that the move reflects “rising appetite for new narratives and staking-driven yield opportunities.”
Analysts expect Solana’s momentum to continue in the near term, especially as Bitcoin and Ether consolidate.
“Solana momentum may extend next week, with rotation staying alive while majors pause, unless macro news sparks extreme volatility,” Liu said.
New Crypto ETF Products Launch
The growing demand for Solana exposure comes as new crypto ETFs enter global markets.
Bitwise’s Solana Staking ETF (BSOL), launched earlier this week, debuted with $222.8 million in assets and offers investors a 7% estimated staking yield.
Other funds, including Canary’s Litecoin and Hedera ETFs, are also launching, alongside the expected conversion of Grayscale’s Solana Trust into an ETF.
Hong Kong’s approval of its first spot Solana ETF last week further underscores the asset’s international appeal among institutional investors.
