Solana ETFs recorded solid inflows throughout November, maintaining strong demand even as the broader crypto market turned bearish. On November 18, these funds absorbed $26.2 million in net inflows while Bitcoin and Ethereum ETFs faced sharp outflows, placing Solana-based exchange-traded vehicles in the spotlight for institutional investors. The shift is reshaping the narrative around appetite for alternative assets during the correction.
Solana ETFs Show Resilience Amid Market-Wide Outflows
The month of November brought an unusually consistent streak: Solana ETFs accumulated “a 17-day run of positive inflows that totaled around $390 million”, boosting combined assets under management beyond $500 million. This steady demand illustrates “how institutional investors continue allocating to Solana exposure even during market stress.”
On November 18, the divergence became striking. While Bitcoin ETFs posted $372.8 million in outflows and Ethereum funds lost $74.2 million, Solana ETFs added $26.2 million in inflows. “Bitwise’s BSOL stood out with $23 million, showing that even on risk-off days the rotation toward Solana remains active.”
Still, despite the strength in ETF demand, SOL’s spot price fell about 10% in the week leading up to November 19. This contrast underscores “how institutional vehicles can attract capital even when the underlying token is temporarily under pressure.”
Regulated launches and lower fees have also helped boost adoption. 21Shares introduced its sixth Solana ETF, Fidelity listed FSOL on NYSE Arca, and VanEck deployed VSOL. Fee structures played a role too: “21Shares set its management fee at 0.21%, while VanEck waived fees until the product reaches $1 billion in AUM,” reducing barriers for large asset managers.
Major financial institutions such as Rothschild and PNC Financial Services disclosed positions in Solana ETFs, further signaling “a shift from speculative interest to structured institutional exposure.” JPMorgan’s analysts projected first-year inflows ranging between $1.5 billion and $6 billion, setting expectations for significant capital attraction.
The combined effect of regulated product launches, competitive fee models and growing institutional participation has made Solana ETFs “one of the few bright spots in a corrective market phase.” Even with SOL’s short-term decline, the ongoing inflows highlight a rotation beyond the dominant pair of Bitcoin and Ethereum. Next verified milestone: monitoring cumulative inflows during the first year of listing and comparing them with analysts’ annual projections.