Solana (SOL) spot exchange-traded funds (ETFs) drew $10.26 million within the week ending August 14, in response to SoSoValue. That whole ran roughly 70 instances the prior week’s roughly $144,930.
The consumption marks the strongest week since Might 22. Two funds produced virtually all of it throughout two periods.
Bitwise and Morgan Stanley Took the Whole Week
Bitwise’s Solana ETF (BSOL) attracted $8.8 million on August 10, accounting for the majority of the week’s inflows. It was additionally the fund’s largest single-day influx since Might 12, in response to SoSoValue knowledge.
Morgan Stanley’s Solana Belief (MSOL) adopted with $1.43 million in inflows on August 11. Collectively, the 2 funds accounted for nearly the whole $10.26 million weekly whole.
VanEck, Constancy, 21Shares, Franklin Templeton, and Grayscale, in the meantime, recorded zero internet flows all through the week. This left the weekly rebound concentrated in simply two funds and two buying and selling periods.
General, Solana ETFs have now recorded internet inflows for seven consecutive weeks, bringing whole inflows over that interval to $28.05 million. The funds ended the week with $893.5 million in internet property, whereas cumulative inflows since launch reached $1.16 billion.
Regardless of the renewed ETF demand, SOL worth motion remained subdued. The token traded fell 1.18%, leaving the most recent ETF inflows largely disconnected from its efficiency. SOL was buying and selling at $75.51 at press time.
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Buying and selling exercise additionally weakened. Mixed weekly turnover throughout the Solana ETFs fell to $159.7 million from $167.3 million the earlier week, suggesting that buying and selling curiosity remained muted whilst internet capital flows improved.
Bitcoin and Ethereum Funds Moved the Different Approach
In the meantime, Bitcoin (BTC) ETFs shed $389.7 million after including $853.5 million the earlier week. Buying and selling exercise thinned alongside the redemptions.
Weekly turnover in Bitcoin funds dropped to $6.94 billion, the bottom studying since September 2024. Ethereum (ETH) merchandise completed near flat, dropping $2.26 million. That adopted $244.9 million of inflows the earlier week.
Smaller altcoin funds held their floor. XRP (XRP) ETFs added $2.25 million for a fifth consecutive optimistic week, whereas Hyperliquid (HYPE) merchandise took in $2.74 million.
Whether or not Solana flows proceed could hinge on the Agave v4.2 improve, set for mainnet activation the week of August 17.
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The submit Solana ETF Inflows Surge 70x to Greatest Week Since Might, However There’s a Catch appeared first on BeInCrypto.