U.S. spot Solana exchange-traded funds recorded $188 million in net inflows in the week through Sept. 25, the largest weekly total since the products launched, according to CoinDesk. All seven funds in the group attracted new capital.
Bitwise’s BSOL led with roughly $128 million, or 68% of the weekly total. Grayscale’s GSOL followed with $28 million and Fidelity’s FSOL with $18 million. Products from Morgan Stanley, VanEck, Franklin Templeton and 21Shares took in a combined $14 million, based on weekly figures shared by Solana’s official account.
Friday accounted for nearly half of the week’s total. The funds added about $87 million that day, a single-session record per Farside Investors data. Bitwise took $56 million of that and Grayscale $19 million.
Bitwise’s hold on the category remains firm. BSOL has captured about $1.2 billion of the group’s $1.6 billion in cumulative net inflows, roughly 76%. Last week’s 68% share came in below that long-run average, which suggests rival issuers are starting to take a larger slice of new demand.
The buying was not confined to Solana. U.S. bitcoin ETFs drew about $2.4 billion over the same week and ether products roughly $690 million, according to CoinDesk calculations using Farside’s daily figures.
Inflows have yet to lift the price. SOL traded near $118 on Monday, down roughly 5% over 24 hours. Broader crypto markets fell after President Trump declined to rule out further strikes on Iran, and SOL remains about 60% below its all-time high near $293.
On the development side, Solana’s Alpenglow consensus upgrade reached a second public test network on Friday. The upgrade targets payment finality of about 150 milliseconds, down from roughly 12.8 seconds. No mainnet date has been announced.
This week brings heavy U.S. macro data, including Friday’s September payrolls report. Whether inflows hold through it will help show if institutional demand for SOL exposure is structural or tactical.
