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Spot Solana ETFs saw their 10th consecutive day of inflows, totaling $6.78 million on Monday.
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The two funds have now attracted $342 million in net inflows since launch.
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Analysts say Solana ETFs are becoming a high-beta alternative to BTC and ETH funds.
Persistent Inflows Highlight Investor Confidence
U.S. spot Solana ETFs have continued to attract steady inflows, marking their 10th consecutive day of positive net flows. According to SoSoValue, the two Solana funds pulled in $6.78 million on Monday, led by Bitwise’s BSOL with $5.9 million.
Since launching on October 28, Bitwise’s BSOL and Grayscale’s GSOL have together accumulated $342.48 million, despite occasional quiet sessions.
Outperforming Expectations
The sustained demand has exceeded pre-launch forecasts, with analysts citing strong institutional interest despite Solana’s 29% price decline over the past month. Bloomberg’s Eric Balchunas called the results a “huge number,” pointing to rising confidence in altcoin ETFs.
A Diversified Play for Institutional Investors
According to LVRG Research’s Nick Ruck, investors are viewing Solana ETFs as a “high-beta complement” to Bitcoin and Ethereum funds, offering greater volatility but higher potential returns. Consistent inflows could support Solana’s price by tightening circulating supply, Ruck added.
