Solana Demand Surges As Bitwise ETF Logs 33 Straight Days Of Positive Inflows ⋆ ZyCrypto

Institutional demand for Solana (SOL) has reached frenetic levels in recent weeks, reaching peak hysteria after Breakpoint 2025. Alongside the rising appetite for SOL, Bitwise’s Solana exchange-traded fund (ETF) recorded positive inflows for 33 consecutive days, setting a new record for the offering.

Bitwise Solana ETF Underscores Rising Institutional Demand

According to data from SosoValue, the Bitwise Solana Staking ETF (BSOL) has raked in 33 straight days of positive inflows since its launch, setting a record high for ETFs. Per the report, the steady inflows have sent BSOL’s market value to $661 million in less than two months since going live.

The ETF holds 5,026,203 SOL in trust for investors, underscoring a rising interest in the ETF. As of the latest trading session, BSOL is priced at $17.33, closely tracking its net asset value (NAV) of $17.31.

The sustained inflows position Bitwise Solana ETF among the fastest-growing crypto ETFs, reinforcing SOL’s emergence as a preferred asset class on par with Ethereum. Furthermore, market observers have opined that the ETF’s ability to attract steady inflows suggests that demand is driven by strategic positioning rather than short-term price speculation.

The inflows come amid a rocky patch for SOL, with the asset shedding nearly 3% of its market value over the last day. On the weekly chart, SOL has lost 5%, with BSOL’s inflows in the last seven days still in the green.

Meanwhile, Solana founder Anatoly Yakovenko reacted to the ETF data, posting a headblown emoji on X (formerly Twitter). While BSOL has enjoyed a fine run of form, spot XRP ETFs are pulling in similar figures, braving the broader market headwinds.

Solana Demand Surges To New Highs

Amid the glowing ETF figures for BSOL, institutional interest in Solana has spiked in recent weeks. XRP has gone live on Solana, with several Solana teams announcing product launches during Breakpoint 2025.

In terms of network metrics, stablecoin supply climbed past $16 billion while daily trading volume is up by $107% at $5.11 billion. Furthermore, a handful of ecosystem projects have posted glowing numbers with HumidiFi and Asgard Finance recording impressive on-chain raises.

Furthermore, Solana-based America.fun and Marinade Finance have set all-time highs for daily trading volumes in the days leading up to Breakpoint 2025.