Investor enthusiasm for Solana-based exchange-traded funds (ETFs) continues to rise, with the asset class marking its fourth consecutive day of net inflows — a sign that market participants may be shifting focus away from Bitcoin and Ether.
According to SoSoValue data, spot Solana (SOL) ETFs attracted $44.48 million on Friday, pushing total inflows to $199.2 million and assets under management beyond $502 million. The Bitwise Solana ETF (BSOL) led the surge, posting a 4.99% daily gain and accounting for the majority of new investor allocations.
In contrast, Bitcoin (BTC) spot ETFs registered $191.6 million in net outflows on the same day, extending a week-long streak of profit-taking after recent price gains. Earlier in the week, Bitcoin ETFs saw withdrawals of $488.43 million on Thursday and $470.71 million on Wednesday.
Ether (ETH) spot ETFs followed a similar pattern, logging $98.2 million in outflows on Friday, trimming their cumulative inflows to $14.37 billion.
Rising Interest in Solana’s Staking Potential
Analysts describe the trend as part of a “capital rotation” toward emerging assets offering new yield opportunities. Vincent Liu, Chief Investment Officer at Kronos Research, noted that investors are diversifying beyond traditional crypto leaders.
“We’re seeing a rotation into Solana ETFs as investors take profits on Bitcoin and Ether,” Liu explained. “The combination of strong staking yields and fresh catalysts is driving demand.”
Market observers expect the momentum to continue as Bitcoin and Ether consolidate near resistance levels. “Unless we see major macro shifts, Solana’s momentum could carry into next week,” Liu added.
New ETF Launches Expand the Market
The growing excitement around Solana ETFs coincides with a new wave of digital asset fund launches. Bitwise introduced its Solana Staking ETF (BSOL) on Tuesday, debuting with $222.8 million in assets and providing investors with exposure to Solana’s ~7% staking yield.
Meanwhile, Canary Asset Management rolled out new ETFs focused on Litecoin (LTC) and Hedera (HBAR), and Grayscale is reportedly preparing to convert its Solana Trust into a spot ETF.
Outside the U.S., Hong Kong recently approved its first spot Solana ETF, further signaling institutional confidence in the network’s growth potential.
With capital rotating out of Bitcoin and Ether products, Solana’s position as a leading alternative in the digital asset ETF landscape appears to be strengthening — fueled by staking rewards, network activity, and a steady flow of institutional inflows.
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