Record week for Solana spot ETFs with $188 million collected

Record week for SOL. The seven Solana-backed spot ETFs listed in the United States captured a net $188.1 million between September 21 and 25, their best weekly performance since their launch. All finished the period in the green.

Friday's session provided almost half of this collection, with $86.7 million in entries. This acceleration, however, does not reflect a rotation to the detriment of Bitcoin: the BTC and Ethereum ETFs also recorded significant inflows of capital. Return in figures for a good week for these financial products.

Key Points

The seven Solana spot ETFs listed in the United States collected $188 million net over five sessions, the highest since their launch

Friday alone brought in $87 million, almost half of the weekly total

Bitwise's BSOL fund captures around two-thirds of inflows, thanks to low fees and staking returns

These flows arrive while Bitcoin ETFs undergo redemptions, a sign of internal capital rotation

Solana ETF: Bitwise captures more than two thirds of flows

Bitwise's BSOL largely dominates this collection week. The fund saw about $128 million in inflows, ahead of Grayscale's GSOL with almost $28 million and Fidelity's FSOL with $18 million. Products from Morgan Stanley, VanEck, Franklin Templeton and 21Shares share the remaining 14 million.

On Friday, BSOL alone received $55.7 million, while GSOL captured $18.5 million. According to data from Farside Investors, none of the seven products suffered a net outflow for the week as a whole.

A spot ETF allows you to gain exposure to the SOL price from a traditional securities account, without purchasing the tokens directly or managing a wallet. Net flows measure the money actually added to funds after withdrawals. They therefore correspond neither to the volume traded on the stock market nor to the simple variation in the value of the assets held.

Launched in October 2025, BSOL has already captured around $1.22 billion out of the $1.6 billion collected by the entire category, a share close to 76%. The fund also includes staking of SOL held. The rewards obtained contribute to its performance after deduction of associated fees, a feature (obviously) absent from Bitcoin ETFs.

Bitcoin, Ethereum and Solana collect simultaneously

Solana's record comes in a favorable week for all the main American crypto ETFs. Bitcoin-backed products attracted around $2.4 billion, while Ethereum-backed products raised nearly $690 million.

Solana products thus benefit from a broader movement towards crypto ETFs. Their collection, however, remains much lower than that of Bitcoin funds: the 188 million dollars recorded over the week represent less than 8% of the inflows observed on BTC ETFs.

The movement comes as SOL moves around $119, still nearly 60% below its historic record close to $293. At the same time, Solana developers are testing Alpenglow, an upgrade intended to greatly reduce the time required to consider a transaction as irreversible. The project has just reached a second public test environment, with no date announced for its mainnet deployment.