Solana ETFs attract record $188 million as every U.S. fund posts inflows

US spot Solana exchange-traded funds recorded a weekly record of $188 million in net inflows last week, with Bitwise’s BSOL accounting for roughly two-thirds of the total as every fund in the group attracted fresh investment.

BSOL received approximately $128 million across the five trading sessions through Sept. 25, according to weekly figures shared by Solana’s official account. Grayscale’s GSOL followed with $28 million, while Fidelity’s FSOL attracted $18 million. Morgan Stanley, VanEck, Franklin Templeton and 21Shares together accounted for the remaining $14 million.

Friday alone generated almost half of the weekly inflows. The funds brought in about $87 million that day, marking their largest single-day inflow since launch. Bitwise accounted for $56 million of the amount, while Grayscale attracted $19 million.

Spot ETFs provide investors with exposure to SOL through conventional brokerage accounts without requiring them to manage a cryptocurrency wallet. Net inflows represent money entering the funds after withdrawals and do not simply reflect changes in the value of shares traded between investors.

Bitwise has remained the largest recipient of investor demand. Data shows that its BSOL fund has accumulated approximately $1.2 billion of the group’s $1.6 billion in cumulative net inflows, representing about 76% of the total.

Its share of weekly inflows stood at 68%, below its longer-term proportion, as competing funds collectively attracted about $60 million.

The broader cryptocurrency ETF market also recorded strong inflows during the week. US spot bitcoin ETFs drew approximately $2.4 billion, while ether ETFs received around $690 million, according to CoinDesk calculations based on daily figures from Farside.

SOL was trading near $119 during Monday morning hours in Asia, according to CoinDesk data. The token remained about 60% below its record high of nearly $293.

The latest fund flows come as Solana developers continue testing Alpenglow, a network upgrade designed to reduce the time required for a payment to be considered irreversible from about 12.8 seconds to roughly 150 milliseconds.

Alpenglow reached Solana’s second public testing environment on Friday. The 150-millisecond figure remains a target, and developers have not announced a launch date for the upgrade on the live blockchain.