Bitwise Asset Management, a prominent provider of cryptocurrency exchange-traded products in the United States, registered approximately $100 million in daily inflows across its crypto ETFs, CEO Hunter Horsley confirmed.
Solana leads inflows, surpasses Bitcoin and Ethereum
Investor demand centered on Solana, with Bitwise Solana-linked products drawing about $40 million, the largest single share among the listed cryptocurrencies. In comparison, Bitcoin products attracted $22 million, while Hyperliquid and XRP funds received $20 million and $12 million, respectively. Ethereum drew the smallest allocation at $1.4 million.
Solana, Hyperliquid, and XRP together received $72 million, accounting for over two-thirds of the daily inflow to Bitwise crypto ETFs and outpacing allocations to Ethereum and Bitcoin.
The Bitwise Solana Staking ETF (BSOL) achieved its highest trading volume since its launch, with more than $126 million exchanged during the day. Solana products contributed about 40% of all inflows across Bitwise’s US-listed funds.
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AAPLInvestors showed renewed enthusiasm for crypto assets, seeking greater exposure through diversified ETF products from Bitwise and other issuers.
Solana is a high-performance blockchain known for its fast transaction speeds and low costs, making it a competitive alternative to Ethereum for decentralized application development.
Mini dictionary: Bitwise Asset Management is a US-based investment firm specializing in cryptocurrency index funds and ETFs for institutional and retail investors.
Market context and comparative product flows
The latest inflow figures reflect growing institutional interest as Bitcoin approaches the $80,000 mark. US spot Bitcoin ETFs have recorded net inflows for eight consecutive trading sessions, totaling $2.8 billion over this period.
On Wednesday, Bitcoin ETF products saw $232 million in inflows, a notable decrease from the record daily intake of $606 million logged on August 20. Despite this, trading activity and investor appetite remain elevated, particularly for larger and more established products.
| Product/Coin | Daily Inflow | Share of Total Inflow |
|---|---|---|
| Solana | $40 million | 40% |
| Bitcoin | $22 million | 22% |
| Hyperliquid | $20 million | 20% |
| XRP | $12 million | 12% |
| Ethereum | $1.4 million | 1.4% |
BlackRock’s IBIT led among Bitcoin ETF products, capturing $2.02 billion, or 72% of the $2.8 billion brought in during the recent eight-day inflow period.
Bloomberg ETF analyst Eric Balchunas highlighted that gold and Bitcoin funds collected a combined $7 billion over just five days, calling this a record inflow for alternative asset classes. He attributed the trend to increased investor interest in hedging strategies, as many turn to assets seen as stores of value amid broader macroeconomic uncertainty.
Eric Balchunas emphasized, “The inflows into gold and Bitcoin signal a strong ‘debasement trade’ as more investors allocate capital to non-traditional assets to protect their portfolios.”
