U.S. spot Solana ETFs attracted a record $188 million in net inflows last week, with all seven funds registering positive flows and Bitwise’s BSOL accounting for roughly two-thirds of the total.
Friday produced the strongest single-day performance since the products launched, with Solana ETFs receiving approximately $87 million.
Bitwise’s BSOL collected about $128 million over the five trading sessions through Sept. 25. Grayscale’s GSOL followed with roughly $28 million, while Fidelity’s FSOL drew $18 million, according to weekly figures published by Solana’s official account.
The remaining $14 million was split among Morgan Stanley, VanEck, Franklin Templeton and 21Shares.
Friday Sets Daily Inflow Record
The final trading day accounted for almost half of the week’s total inflows.
Solana ETFs recorded around $87 million in net additions on Friday, surpassing their previous daily record. Bitwise contributed approximately $56 million, while Grayscale brought in about $19 million.
Spot Solana ETFs allow investors to gain exposure to SOL through conventional brokerage accounts without directly holding the cryptocurrency or maintaining a wallet.
Net inflows measure new capital entering an ETF after withdrawals and do not represent the value of ETF shares exchanged between existing investors.
BSOL Continues to Lead
Bitwise remains the largest recipient of cumulative Solana ETF demand.
BSOL has accumulated approximately $1.2 billion in net inflows out of roughly $1.6 billion across the seven funds, representing about 76% of the total since launch.
Its share of weekly inflows was lower at approximately 68%, as competing funds collectively brought in around $60 million.
Crypto ETF Demand Broadens
The broader U.S. crypto ETF market also recorded substantial inflows during the week.
Bitcoin ETFs attracted approximately $2.4 billion, while ether ETFs received around $690 million, based on CoinDesk calculations using daily data from Farside.
SOL traded near $119 during Monday’s Asian session, leaving the token about 60% below its record high of approximately $293.
Alpenglow Enters Second Testnet
The latest ETF inflows arrive as Solana developers advance testing of Alpenglow, a proposed upgrade aimed at dramatically reducing transaction settlement times.
The upgrade is designed to reduce the time needed for a transaction to become irreversible from approximately 12.8 seconds to around 150 milliseconds.
Alpenglow entered its second public testing environment on Friday. The 150-millisecond target has not yet been achieved on the live network, and developers have not announced a mainnet deployment date.
