‘Big time debut’: U.S. spot Solana ETFs draw $200 million in inflows during short debut trading week
U.S. spot Solana ETFs, BSOL and GSOL, saw significant initial interest, drawing nearly $200 million in net inflows combined.Summary
The debut of U.S. spot Solana ETFs, Bitwise's BSOL and Grayscale's GSOL, marked a significant start, with the funds holding over $500 million in assets shortly after launching. BSOL launched first, drawing nearly $70 million on day one and accumulating $197 million in net inflows by the end of the short week, with total flows including seed capital reaching nearly $420 million. Bloomberg analyst Eric Balchunas called it a "Big time debut," noting BSOL led all crypto ETPs in weekly flows. GSOL, which launched a day later and charges a higher fee (0.35% vs. BSOL's 0.2%), saw comparatively lower net inflows of about $2.2 million, though its total assets exceeded $100 million with seed capital. Both ETFs stake their held Solana for additional yield. Separately, spot Bitcoin and Ethereum ETFs experienced high volume in October, with Bitcoin funds seeing $3.61 billion in inflows and setting a new monthly volume record.
(Source：The Block)