Bitwise Solana ETF Sees Regular Demand as Bitcoin, Ethereum Funds Shed Belongings – Decrypt

In short
The Bitwise Solana Staking ETF debuted on October 28.
Spot Bitcoin ETFs have shed greater than $2.1 billion in belongings since then.
Solana's worth has fallen about 29% over the previous month.
Whereas Bitcoin and Ethereum funds shed belongings, Bitwise's fledgling Solana ETF racked up greater than $126 million in web inflows in its first full week of buying and selling, an auspicious signal for the SOL-tracking product and doubtlessly for different altcoin funds.The Bitwise Solana Staking ETF (BSOL) has generated greater than $545 million in web inflows since its October 28 debut on the New York Inventory Change, together with $223 million in seed investments, in response to UK asset supervisor Farside Investments. BSOL's share worth closed up 5% in Friday buying and selling.”Inflows each day for the final 8 days since its launch,” crypto asset supervisor Bitwise CEO Hunter Horsely wrote in an X publish early Friday. “Over $500,000,000 in complete. It’s clear buyers need Solana publicity.”
~$30,000,000 of inflows into $BSOL yesterday. Solana bought.
Inflows each day for the final 8 days since its launch. Over $500,000,000 in complete.
It’s clear buyers need Solana publicity.
With $BSOL, we’ve aimed to assemble a top quality approach for buyers to get…
— Hunter Horsley (@HHorsley) November 7, 2025Over that interval, the 11 spot Bitcoin ETFs have misplaced greater than $2.1 billion in belongings, whereas web outflows for the 9 Ethereum funds have totaled $579 million. The Bitwise Solana fund's promising begin comes whilst SOL's worth has been dropping, a part of a market-wide downturn tied to a authorities shutdown and different macroeconomic uncertainties.Solana was lately buying and selling at $156, off greater than 16% for the previous week and almost 29% during the last month, in response to crypto markets information supplier CoinGecko. Bitcoin has declined about 16% since early October when it rose to a report excessive above $126,000.A Myriad prediction market discovered that solely 13% of respondents anticipate Solana to surpass its report excessive of $293 by yr's finish. Myriad is a unit of Dastan, the father or mother firm of an editorially impartial Decrypt. In a textual content to Decrypt, etf.com Senior Analyst Sumit Roy wrote “the (Solana) inflows make sense,” noting the token's large $90 billion market worth: “Solana has a loyal following, arguably essentially the most devoted following after Bitcoin and Ethereum.”He added: “It wouldn’t be shocking to see Solana ETFs collectively account for five% of that market cap on the very least. So in that context, $500M continues to be small. The truth that BSOL launched with 100% staking actually made it extra engaging as properly.”The itemizing of the Bitwise fund and a Grayscale Solana ETF final week shocked some hopeful observers, who had feared the present authorities shutdown would delay a regulatory course of that had already taken months.However the NYSE licensed 8-A filings that provided the fund managers an alternate path to the current ETF approval course of. Issuers file these kinds with the SEC to register sure securities underneath the Securities Change Act of 1934. The funds met the generic itemizing requirements adopted by the SEC in September for commodity-based trusts. The Grayscale Solana Belief ETF (GSOL) has obtained about $114 million in web inflows, most of them in seed investments.Final week, spot Litecoin and Hedera funds from Canary started buying and selling after the Nasdaq licensed their 8-A submissions. Different altcoin-focused funds benefiting from the identical SEC rule change might quickly even be accessible to buyers.In a Thursday submitting to the company, Bitwise eliminated a “delaying modification” from its S-1 prospectus for the Bitwise Dogecoin ETF. The fund might start buying and selling in just a few as 20 days from the submission if the SEC would not object.”Seems like Bitwise is doing the 8(a) transfer for his or her spot Dogecoin ETF, which principally means they plan on going efficient in 20 days barring an intervention,” Eric Balchunas wrote in an X publish on Thursday.Every day Debrief NewsletterStart each day with the highest information tales proper now, plus authentic options, a podcast, movies and extra.