US spot Solana ETFs drew a record $188 million in net inflows during the week ended September 25, 2026, led by Bitwise with roughly two-thirds of the total. The result underscores accelerating institutional adoption of the Solana ecosystem amid strengthening on-chain fundamentals.
🔑 Key Takeaways
- $188.21 million in net inflows during the week ended September 25, 2026
- Bitwise BSOL captured $128 million, or 68% of the weekly total
- BSOL surpassed $1.017 billion in net assets in under ten months
- Seven Solana ETF products available, all recording positive flows
- SOL trading near $119, roughly 60% below its previous record
Record Weekly Inflows for Solana ETFs
Exchange-traded funds (ETFs) tracking spot Solana in the United States attracted a record $188 million in net inflows during the week ended September 25, 2026, according to data shared by Solana’s official account and reported by CoinDesk. This marks the strongest week of inflows since these products launched in late 2025.
Friday, September 25 alone accounted for nearly half of that total, with approximately $86.67 million in net inflows — the highest single-day figure ever recorded for these funds. Seven Solana ETF products were available on the US market, and all recorded positive flows during the period.
Bitwise Dominates With Two-Thirds of Inflows
Bitwise overwhelmingly dominated the momentum. Its Bitwise Solana Staking ETF (ticker BSOL) captured approximately $128 million during the week, representing 68% of the weekly total. Since launch, BSOL accounts for roughly $1.2 billion of the $1.6 billion in cumulative net inflows across all Solana ETFs — a share of about 76%.
Other issuers also recorded positive flows, though at a much smaller scale:
| Issuer | Fund | Weekly Inflows | Share |
|---|---|---|---|
| Bitwise | BSOL | $128M | 68% |
| Grayscale | GSOL | $28M | 15% |
| Fidelity | FSOL | $18M | 10% |
| Morgan Stanley, VanEck, Franklin Templeton, 21Shares | Misc. | $14M | 7% |
BSOL: First US ETP With Integrated Staking
Bitwise confirmed that BSOL reached $1.017 billion in net assets as of August 26, less than ten months after its launch on October 28, 2025, on the NYSE. The fund held 9.33 million SOL tokens at that date, totaling $1.017 billion — approximately 0.137 SOL per share.
The share price stood at $15.03, a premium of 0.56% over the net asset value (NAV) of $14.95. SOL was trading around $102.65 on August 28 according to Yahoo Finance data.
BSOL’s launch marked a US first as the first exchange-traded product (ETP) offering direct 100% exposure to SOL with integrated staking. Bitwise stated its intent to stake all fund SOL through Bitwise Onchain Solutions, powered by Helius, to maximize staking rewards participation, estimated at an average of over 7% annually.
Helius, selected as the exclusive staking provider, manages more than 13 million staked SOL and is considered the most reliable validator on Solana. The fund’s management fee was set at 0.20%, with a full fee waiver for the first three months on the first billions of dollars in assets.
“We believe Solana represents one of the most exciting crypto investment opportunities that exist today. Its ability to process enormous volumes at high efficiency and low cost makes it a serious competitor for the stablecoin and tokenization markets. Furthermore, Solana generates more revenue than any other blockchain, making it a compelling project for investors who prioritize on-chain fundamentals. BSOL is designed to give investors first-tier exposure to Solana’s potential in a convenient, low-cost format.”
Matt Hougan, Chief Investment Officer, Bitwise
Hunter Horsley, CEO of Bitwise, added: “2025 has been a turning point for crypto. They are finally being rapidly accepted as a mainstream alternative asset class. The launch of BSOL today is another step, opening the door for investors to participate in one of the most used and fastest-growing technology platforms in the space, Solana.”
Solana’s Technical and Financial Fundamentals
Solana stands out for its distinctive technical characteristics:
- Transaction confirmation in 400 milliseconds, versus approximately 12 seconds for Ethereum and 10 minutes for Bitcoin
- Capacity to process 100,000 financial transactions per second
- Median transaction fees of $0.001
- Over $2 billion in network revenue over the trailing year, exceeding any other blockchain per Blockworks data dated September 30, 2025
On the network upgrade front, Solana developers were testing Alpenglow, an update targeting payment finalization times reduced from approximately 12.8 seconds to about 150 milliseconds. The update was deployed to the network’s second public testnet environment on Friday, September 26, with no mainnet launch date announced at this stage.
Broad Crypto ETF Market Context
Crypto ETFs experienced sustained flows during this period. According to CoinDesk calculations based on daily Farside data:
- US spot Bitcoin ETFs attracted approximately $2.4 billion during the week
- Ether products added approximately $690 million
- Hyperliquid ETFs (21Shares and Bitwise combined) collected $72 million
- XRP ETFs attracted $22 million
These figures coexist, however, with a contradictory movement reported by alternative sources: Bitcoin ETFs reportedly experienced outflows exceeding $1 billion during the same week. The $188.21 million figure for Solana ETFs originated from a U.Today report relayed by Altcoin Buzz without identifying a primary data provider, warranting some caution. The $86.67 million daily figure for Friday, September 25 is consistent across sources, though detailed breakdowns vary slightly between reports.
SOL was trading near $119 on Monday morning, September 27, according to CoinDesk data — approximately 60% below its previous record high near $293. This recovery from recent lows coincides with renewed institutional interest in the Solana ecosystem.
Conclusion
The record $188 million inflow into Solana ETFs signals accelerating institutional adoption, driven by Bitwise’s integrated staking innovation and Solana’s strong on-chain fundamentals. BSOL’s dominance — capturing 76% of cumulative inflows — suggests institutional investors favor issuers offering competitive fee structures and attractive staking yields.
In an optimistic scenario, the Alpenglow upgrade could cement Solana’s position as a leading platform for payments and tokenization, while continued ETF inflows could support SOL’s recovery toward historical highs. Conversely, broader crypto market volatility and regulatory uncertainty could dampen this momentum. Weekly net inflow tracking and Alpenglow rollout progress will be key indicators to watch.
Sources
This article is published for informational and educational purposes only. It does not constitute investment advice in any form. Conduct your own research (DYOR) before making any decisions.
