Solana ETF Inflows Surge 70x to Best Week Since May, But There’s a Catch

Solana (SOL) spot exchange-traded funds (ETFs) drew $10.26 million in the week ending August 14, according to SoSoValue. That total ran roughly 70 times the prior week's roughly $144,930.

The intake marks the strongest week since May 22. Two funds produced almost all of it across two sessions.

Bitwise and Morgan Stanley Took the Entire Week

Bitwise's Solana ETF (BSOL) attracted $8.8 million on August 10, accounting for the bulk of the week's inflows. It was also the fund's largest single-day inflow since May 12, according to SoSoValue data.

Morgan Stanley's Solana Trust (MSOL) followed with $1.43 million in inflows on August 11. Together, the two funds accounted for virtually the entire $10.26 million weekly total.

VanEck, Fidelity, 21Shares, Franklin Templeton, and Grayscale, meanwhile, recorded zero net flows throughout the week. This left the weekly rebound concentrated in just two funds and two trading sessions.

Overall, Solana ETFs have now recorded net inflows for seven consecutive weeks, bringing total inflows over that period to $28.05 million. The funds ended the week with $893.5 million in net assets, while cumulative inflows since launch reached $1.16 billion.

… Continue reading the full article at the original source below.