TradFi Solana ETF Frenzy Continues: What Does Wall Street Know That You Don’t

by Adrian Russell
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Ten straight days, fresh cash every session: Wall Street continues to buy US spot Solana ETFs. Bitwise’s BSOL and Grayscale’s GSOL posted their tenth day of net inflows on Monday, November 10. 

Solana
(Source: Farside)

Together, they generated approximately $6.78 million. That brings the total net intake since launch to roughly $343 million.

The run began after BSOL hit the market on October 28, and it hasn’t slowed, even as crypto prices have swung sharply.

How Much Money Has Flowed Into BSOL and GSOL So Far? 

Market Cap





The steady demand suggests investors want regulated exposure to Solana, not just spot tokens. It’s also happening at a time when broader markets feel uneasy.

Monday’s flows totaled approximately $5.92 million into BSOL and roughly $850,000 into GSOL. That keeps the streak of daily inflows going since the funds launched.

SOL held in a tight band near $156–$172 over the past day, with trading volume around $6 billion.

Solana
(Source: Coingecko)

The steady pace suggests big investors still want SOL exposure through regulated products.

BSOL drew about $420 million in its first week. It went live through an expedited process during the SEC shutdown, which has prompted competing issuers to accelerate their own timelines.

Both products stake SOL. BSOL discloses a 0.20% gross fee but is waiving it for three months on transactions of up to $1 billion, effectively dropping the net cost to zero. 

GSOL is also waiving fees early and posting staking yield online. These terms make it easier to attract and keep capital.

DISCOVER: Top Solana Meme Coins to Buy in 2025

Why Are Solana ETFs Seeing Strong Single-Day Inflows?

Bloomberg analyst Eric Balchunas said a recent $72 million single-day haul was “a huge number, good sign,” noting that Solana funds continue to pull interest beyond what many expect from a non-Bitcoin or Ethereum product.

Bitwise’s BSOL also shook up the market with its launch in late October. The product slipped in under new, more flexible listing rules that no longer require lengthy, case-by-case reviews. 

That move has prompted other issuers to reconsider their timelines and paved the way for faster approval of altcoin ETFs.

Some analysts now believe that billions could shift into non-BTC/ETH ETFs over the next few months if trading remains smooth. 

The big test is whether this inflow streak can survive sharp market swings. There’s also room for new entrants to challenge Bitwise and Grayscale, possibly through different fee classes or product features.

A steady pace of fresh money would signal that Solana is earning a long-term role in traditional portfolios, rather than serving as a quick trading play.

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