Solana ETFs draw record $188 million in a week as Bitwise takes two-thirds of inflows
Solana exchange-traded funds recorded a combined $188 million in net inflows during the week ending September 28, 2026, marking the strongest weekly performance since the products launched in the United States. Bitwise Asset Management's Solana ETF captured approximately two-thirds of those inflows, positioning the firm as the dominant player in the nascent Solana ETF market.
The milestone comes several months after U.S. regulators approved spot Solana ETFs, following the earlier launches of spot Bitcoin and Ethereum ETF products. The approval opened the door for institutional and retail investors to gain regulated exposure to SOL without directly holding the asset. Multiple asset managers, including Bitwise, VanEck, and others, entered the space at launch, triggering competition for investor capital.
The record inflow week signals growing institutional appetite for alternative Layer 1 blockchain exposure beyond Bitcoin and Ethereum. Analysts have noted that strong ETF inflows typically reflect broader confidence in an asset class, and Bitwise's outsized share suggests its distribution network and fee structure are resonating with investors. The figures also indicate that Solana ETFs may be following a adoption curve similar to that seen with Ethereum ETF products following their own launches.
Market participants will be watching whether the momentum sustains into the following weeks, and whether competing issuers narrow the gap with Bitwise. Any regulatory commentary or macroeconomic shifts could also influence inflow trajectories in the coming months.
Source: CoinDesk
