US spot Solana ETFs just posted their best day ever. On September 25, net inflows hit approximately $80M to $87M across the category, more than doubling the previous single-day record of $33.5M set in August. Weekly inflows reached $181M, a figure that suggests this wasn’t a one-off burst but the peak of a sustained multi-week buying trend.
For a product category that didn’t exist a year ago, the numbers are striking. Cumulative net inflows across all US spot Solana ETFs have now crossed $1.6B, with total assets under management sitting between $1.8B and $1.96B.
Bitwise’s BSOL is running away with the category
Bitwise’s staking-enabled Solana ETF attracted roughly $55.7M of the day’s inflows, capturing about two-thirds of the total. Since the funds launched on October 28, 2025, BSOL has hoovered up approximately 80% of cumulative inflows, translating to around $1.22B of the category’s $1.6B total.
Advertisement
Grayscale’s GSOL came in a distant second on the day, adding about $18.5M. Fidelity’s FSOL and Morgan Stanley’s MSOL contributed smaller amounts.
Why staking is the differentiator
These funds don’t just offer passive exposure to SOL’s price. They generate yield by staking the underlying tokens on the Solana network, giving institutional investors something Bitcoin ETFs structurally cannot: a return on top of price appreciation.
SOL was trading near $120 during the record inflow period. That price level represents a recovery from earlier volatility but remains well below the token’s all-time highs.
What the flow trajectory signals
The previous daily record was $33.5M, meaning the new high represents roughly a 2.4x jump. Total AUM between $1.8B and $1.96B puts the category in a range where it starts to matter for portfolio construction, and breaching the $2B mark could unlock a new wave of buyers who were previously sitting on the sidelines waiting for the category to mature.
Bitwise’s 80% share of cumulative inflows is remarkable. If Grayscale, Fidelity, or Morgan Stanley adjust their fee structures or staking strategies, the category could become more competitive. For now, BSOL’s dominance means Bitwise is effectively setting the terms for how institutional Solana exposure gets packaged and sold in the US market.
Disclosure: This article was edited by Kaye Quema. For more information on how we create and review content, see our Editorial Policy.