The session was dominated by Bitwise’s BSOL, which captured $7.70 million in new capital, followed by Fidelity’s FSOL with $732,040 in inflows. Other major sponsors, including Grayscale, VanEck, and 21Shares, saw flat or negligible movement for the day.
With the latest injection of capital, spot Solana ETFs now hold a total of $700.21 million in assets under management. It now represents roughly 1.49% of Solana’s total $46.3 billion market cap.
While Solana’s daily inflows were modest compared to the $166 million flowing into Bitcoin ETFs and $13.82 million for Ethereum, the asset managed to outpace the $3.26 million recorded by XRP ETFs during the same period.
The downtrending price action has left market participants deeply pessimistic.
This divergence is likely due to the fear that pervades the broader crypto market after Bitcoin's sustained drop, which has triggered multiple liquidation events exceeding $1 billion in recent weeks.
