Spot Solana exchange-traded funds (ETFs) continued to draw strong investor demand, marking their fourth consecutive day of inflows amid what analysts describe as an ongoing “capital rotation” away from Bitcoin and Ether funds.
Data from SoSoValue shows that Solana ETFs added $44.48 million in net inflows on Friday, lifting total inflows to $199.2 million and assets under management to over $502 million. The Bitwise Solana ETF (BSOL) led the pack, accounting for the majority of new capital and posting a 4.99% daily gain.
Meanwhile, spot Bitcoin ETFs saw continued outflows, with $191.6 million withdrawn on the same day—extending a week-long profit-taking streak. The funds recorded $488.43 million in outflows on Thursday and $470.71 million on Wednesday.
Spot Ether ETFs also struggled, reporting $98.2 million in daily outflows, which brought their cumulative inflows down to $14.37 billion. Over the previous two sessions, they had lost $184.3 million and $81.4 million, respectively.
Solana ETFs Gain Momentum Amid Capital Rotation
Investor interest in Solana ETFs continues to accelerate, driven by what analysts describe as a broader “capital rotation” within the crypto market. Vincent Liu, chief investment officer at Kronos Research, told Cointelegraph that the trend reflects a growing demand for new narratives and staking-based yield opportunities.
“Solana ETFs are surging on fresh catalysts and capital rotation, as Bitcoin and Ether see profit-taking after strong runs,” Liu said. “The shift signals rising appetite for innovative narratives and staking-driven yield opportunities.”
Analysts expect Solana’s momentum to persist into next week as Bitcoin and Ether consolidate. Liu added that the rotation could remain active unless broader macroeconomic volatility interrupts current market trends.
New Wave of Crypto ETFs Hits the Market
A fresh lineup of crypto ETFs launched this week, led by the Bitwise Solana Staking ETF (BSOL), which debuted on Tuesday with $222.8 million in assets. The fund provides investors with exposure to Solana while offering an estimated 7% staking yield.
Several additional funds are entering the market, including Canary’s Litecoin and Hedera ETFs, as well as the anticipated conversion of Grayscale’s Solana Trust into a full ETF. Meanwhile, Hong Kong has also approved its first spot Solana ETF, underscoring the growing global momentum behind Solana-focused investment products.
