TLDR
The steady inflows went primarily into the Bitwise Solana ETF (BSOL), with smaller and intermittent inflows into the Grayscale Solana ETF (GSOL) per a streak of 1013 consecutive net inflow days in early November. The Block report
- Bitwise Solana ETF (BSOL): led daily flows across the streak and posted the majority of net inflows. The Block report
- Grayscale Solana ETF (GSOL): saw smaller inflows and some flat days, contributing modestly to totals. Cointelegraph article
- Combined SOL ETFs saw roughly $370 million cumulative inflows by 14 Nov, despite a weak market backdrop. Cointelegraph article
Deep Dive
1. BSOL Led Flows
Bitwises Solana ETF (BSOL) dominated the run of consecutive net inflow days and captured most daily additions. On 11 Nov, BSOL drew about $5.92 million of a $6.78 million daily total for SOL ETFs, marking the 10th straight day of net inflows. The Block report
By 14 Nov, the streak extended to 13 days, with data showing BSOL as the only product recording inflows that day, even as totals moderated alongside broader market stress. Cointelegraph article
If you are tracking where new capital is going, BSOL has been the consistent sink for SOL-related ETF demand.
2. GSOLs Intermittent Pattern
Grayscales GSOL contributed but with smaller, less consistent daily prints. On 11 Nov, GSOL added about $0.85 million versus BSOLs $5.92 million, underscoring BSOLs lead that day. The Block report
On 14 Nov, GSOL posted no net flow while BSOL registered the days inflow, illustrating GSOLs on-and-off profile during the streak. Binance post citing SoSoValue
GSOL has participated, but patterns suggest institutions favored BSOL on most days.
3. Magnitude And Streak
Cumulatively, SOL ETFs reached around $370 million of net inflows by 14 Nov, with 13 consecutive inflow days recorded despite risk-off conditions across other crypto ETFs. Cointelegraph article
Earlier in the week, the 10-day inflow mark showed about $342 million since launch, highlighting how the streak built quickly in its first weeks. The Block report
Persistent ETF demand can act as a steady bid for SOL exposure during volatile periods, though daily magnitudes have already started to ebb.
Conclusion
Answering which: BSOL saw the most consistent inflows, while GSOL contributed sporadically. The streak into mid-November suggests durable demand for SOL exposure via ETFs, even as broader market sentiment wavered.
