Bitwise’s newly launched Staking Solana (BSOL) exchange-traded fund (ETF) made a strong market debut in its first buying and selling week. The fund drew unprecedented investor curiosity and surpassed all different crypto ETFs globally in weekly inflows.
On November 1, Bloomberg ETF analyst Eric Balchunas reported that BSOL attracted roughly $417 million in its first week of buying and selling. That efficiency positioned the fund among the many high 20 ETFs throughout all asset courses by web inflows.
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BSOL Attracts Document Inflows however Solana Token Value Slips
For context, BSOL’s inflows have been practically ten instances bigger than the NEOS Bitcoin Excessive Revenue ETF (BTCI), which introduced in $56.17 million. Grayscale’s Ethereum fund adopted intently, securing $56 million.
What per week for $BSOL, in addition to the massive quantity, it led all crypto ETPs by a rustic mile in weekly flows with +$417m ($IBIT had a uncommon off week, it will be again). It additionally ranked it sixteenth in general flows for the week. Massive time debut. pic.twitter.com/HpKUTdq1J5
— Eric Balchunas (@EricBalchunas) November 1, 2025
In distinction, BlackRock’s iShares Bitcoin Belief (IBIT) — usually the market chief in weekly inflows — confronted a uncommon setback. The fund ended the week with roughly $254 million in outflows, in response to information from SosoValue.
The fund’s early success highlights how institutional traders are increasing their publicity past Bitcoin and Ethereum, searching for regulated entry to Solana’s high-performance ecosystem.
Analysts interpret this as an indication of pent-up demand after greater than a yr of market anticipation for an altcoin-focused ETF.
Nevertheless, the surge in fund inflows didn’t translate into rapid value good points for Solana.
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Information from BeInCrypto exhibits that SOL has fallen by greater than 3% over the previous week, presently buying and selling at $186.92.
The muted response means that capital inflows into BSOL could have come from asset rotations — traders reallocating funds from different ETFs reasonably than injecting recent capital into Solana itself.
Regardless of the short-term pullback, Bitwise Chief Funding Officer Matt Hougan stays assured in Solana’s trajectory.
He argues that investing in Solana is a guess on the blockchain’s increasing function in powering stablecoin transfers and tokenized property. This progress, he provides, is pushed by Solana’s high-speed infrastructure and its lively developer neighborhood.
“If I’m right, the combination of a growing market and a growing share of that market will be explosive for Solana,” Hougan concluded.
Certainly, Solana’s on-chain metrics assist these sturdy community fundamentals.
In line with Token Terminal, purposes constructed on Solana now host over $40 billion in consumer property.
Complete Worth of Belongings on Solana. Supply: Token Terminal
The token presently trades at roughly 3.2 instances its ecosystem’s whole worth locked, signaling that long-term fundamentals could also be catching as much as investor sentiment.
