TLDR
Bitwise Solana ETF (BSOL) led Solana (SOL) inflows this week, including a record single day of about $39.5 million. Report
- Grayscale SOL (GSOL) and Fidelity SOL (FSOL) followed, with GSOL topping Nov 28 flows at about $4.33 million. Daily update
- VanEck SOL (VSOL) saw smaller positive days, while 21Shares SOL (TSOL) had notable outflows midweek. Wrap
Deep Dive
1. BSOL Dominates
Across the past several sessions, Bitwises BSOL led SOL ETF net inflows, including a roughly $39.5 million single day that marked the largest since early November and extended a multiweek streak. This leadership was highlighted in coverage of the 20th consecutive inflow day. Details
- Additional roundups reiterated BSOLs dominance within issuer market share and single day flow leadership during the streak. Context
Flows concentrated in the largest, lowest frictions product can amplify liquidity and tracking depth around BSOLs ecosystem.
2. GSOL and FSOL Runners Up
Grayscales GSOL and Fidelitys FSOL were consistent secondary contributors. On Nov 28, GSOL led with about $4.33 million in net inflows, while FSOL added about $2.42 million. Daily update
- Earlier in the week, GSOL posted a strong day and FSOL recorded one of its highest single day inflows to date, with VSOL also positive though smaller. Roundup
- A separate flow snapshot showed BSOL leading on Nov 25, with GSOL, FSOL, and VSOL contributing. Breakdown
Leadership can rotate day to day, but GSOL and FSOL are currently the most reliable followers behind BSOL.
3. TSOL Outflows Are the Exception
The first net outflow day since launch was driven largely by a single session withdrawal from 21Shares TSOL, which outweighed inflows at other issuers. Recap
- That outflow coincided with otherwise resilient flows across the rest of the SOL ETF set, underscoring issuer dispersion in demand. Issuer breakdown
Watch issuer specific dynamics. Concentrated redemptions at one fund can temporarily skew daily totals without changing the broader multi issuer inflow trend.
Conclusion
This weeks SOL ETF flows were led by BSOL, with GSOL and FSOL providing steady follow through, while TSOLs midweek redemption created the first net outflow day since launch. Flows remain issuer concentrated, and leadership can rotate on specific days, so checking daily flow trackers helps confirm whether BSOLs lead persists or if GSOL and FSOL pick up momentum.
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