Solana ETFs Post Second-Biggest November Inflows as Demand Grows During Downturn

Why It Matters

The sustained inflows into Solana ETFs signal a shift in investor preference toward alternative crypto assets amid a market downturn, potentially boosting Solana’s liquidity and price support while underscoring the vulnerability of Bitcoin and Ether fund flows.

Summary

Solana spot ETFs have recorded a 17th consecutive day of net inflows since their debut on Oct. 28, adding $48.5 million on Wednesday and bringing cumulative inflows to $476 million, the second‑largest daily addition in November. The inflow streak is the longest uninterrupted positive flow among crypto ETFs this year, while Bitcoin and Ether ETFs posted net outflows of roughly $2.96 billion and $107 million respectively in the same month. Bitwise’s BSOL led the day's inflows with $35.9 million, followed by Grayscale’s GSOL at $12.6 million, with Fidelity (FSOL) and VanEck (VSOL) contributing smaller amounts. The trend suggests investors are seeking exposure to Solana as broader crypto markets weaken, highlighted by a 12% drop in the CoinDesk 20 Index over the past week.