Solana Spot ETF sees $2.29 million in inflows, market expansion accelerates

OnchainSniper · 2026-01-28T15:17:18+00:00

In late 2024, the Solana spot ETF market saw significant activity, with a single-day inflow of $2.29 million, mainly driven by the Bitwise Solana ETF (BSOL). This reflects growing institutional investor interest in Solana, despite its smaller market share compared to Bitcoin and Ethereum. Overall, the Solana spot ETF market's assets reached $950.1 million, signaling a trend shift towards altcoins.

OnchainSniper

2026-01-28 15:17:18

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By the end of 2024, significant movements occurred in the Solana spot ETF market. According to data from SoSoValue, Solana-related spot ETF products recorded a net inflow of $2.29 million on a single day, confirming that market growth is continuing.

This inflow figure suggests that, as the Bitcoin and Ethereum spot ETF markets mature, institutional investors’ interest in Solana is increasing.

Bitwise BSOL Led the $2.29 Million Single-Day Inflow

The main driver of the inflow was the Bitwise Solana ETF (BSOL). This ETP attracted a net inflow of $2.29 million in a single day, making it the most capitalized product within the market. The cumulative net inflow of BSOL has already reached $625 million, serving as a core entity in the Solana spot ETF market.

Bitwise has built a track record with spot ETFs for Bitcoin and Ethereum, and its rise in the Solana market is also attracting attention.

Overall Growth of the Solana Spot ETF Market

As of the end of 2024, the total net assets of the Solana spot ETF market reached $951 million. This reflects the rapid growth in institutional demand for Solana-related products.

The total net inflow across the industry has accumulated to $766 million, clearly indicating steady market expansion. Solana’s share of the entire listed virtual asset market is 1.36%. While still small compared to Bitcoin and Ethereum, the figure of $2.29 million in single-day inflow suggests that institutional investor interest is rapidly increasing.

New Trends in the Cryptocurrency ETF Market

The $2.29 million inflow into Solana spot ETFs indicates a trend shift across the entire cryptocurrency market. Once dominated by Bitcoin, the ETF market is now seeing expanding interest in altcoins, especially fast-trading, low-fee chains like Solana.

Such developments could influence institutional investor strategies in 2025, and continued growth in the Solana spot ETF market is anticipated.

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