Bitwise’s BSOL and Grayscale’s GSOL drive $155M Solana ETF inflows, boosting optimism for long-term institutional demand.
The newly launched Solana exchange-traded funds (ETFs) are gaining traction among investors, marking a strong start in a crowded crypto market. Following the debut of Bitwise’s BSOL and Grayscale’s GSOL this week, early inflows suggest growing interest in Solana-based investment products. Analysts believe that spot Solana ETFs could replicate the success seen with Bitcoin and Ethereum products, which have already captured billions in assets.
As of October 30, Solana ETFs recorded cumulative inflows of $154.73 million and total assets of $439.97 million. Bitwise’s BSOL led the surge, registering $36.55 million in daily inflows and $343.78 million in net assets.
Source: SoSoValue
Grayscale’s GSOL followed with $780,500 in daily inflows and $96.19 million in assets. The strong entry comes even as both funds posted slight daily losses of around 7%, reflecting broader weakness in Solana’s price movement.
According to Grayscale executive Zach Pandl, Solana ETFs could grow into multi-billion-dollar products as institutional investors diversify across crypto assets. He believes Solana’s inclusion in regulated investment products provides access to investors who prefer traditional financial platforms. Consequently, this could attract new capital into the Solana ecosystem, reinforcing its position alongside Bitcoin and Ethereum.
US-based ETFs already manage over $10 trillion in assets, making them an effective entry point for mainstream investors. Hence, the introduction of Solana ETFs aligns with growing institutional interest in digital assets. Despite some caution from traditional asset managers, demand for crypto exposure remains strong, especially among investors seeking diversification.
Moreover, the current market includes a rising number of crypto investment vehicles. New products for Hedera and Litecoin joined the list this week, signaling increasing competition. However, analysts note that many investors may prefer diversified portfolios that reduce exposure risk from individual tokens.
Solana ETFs have a distinct advantage over Bitcoin-based products by allowing staking, offering investors an additional yield opportunity. Staking rewards averaged about 5.73% annually this week, according to Solana Compass. Grayscale’s GSOL distributes most of these rewards approximately 77% to holders, creating an income stream that complements price appreciation potential.
Significantly, this staking feature may enhance long-term investor interest, positioning Solana ETFs as key instruments in diversified crypto portfolios. As the market matures, analysts expect Solana’s staking yield and network adoption to drive sustained institutional participation, supporting projections of up to $5 billion in future inflows.
