The launch of spot Solana 
$85 ETFs in the United States at the end of October has been marked by a continuous flow of capital, gaining substantial attention. As of Monday, these ETFs experienced net inflows of $58 million on their 20th consecutive day of attracting investment. Bitwise’s BSOL ETF received the highest inflow of the day at $39.5 million, marking the highest level since November 3. According to SoSoValue data, Solana ETFs have accumulated a total inflow of $568.24 million, with the total asset size of these ETFs reaching $843.81 million.
Institutional Capital Strengthens Confidence in Solana
Nick Ruck, Director of LVRG Research, highlighted that the performance of Solana ETFs indicates growing institutional interest despite the prevailing market risk aversion. Ruck believes that the continuous inflows into these ETFs affirm Solana’s status as a blue-chip asset, reflecting investors’ endeavors to diversify into projects beyond Bitcoin 
$77,293 and Ethereum 
$2,301. The analyst noted that the capital flow could tighten supply-demand balance and create a strong foundation for price recovery when the market stabilizes.
Jeff Mei, COO of BTSE, also emphasized the increasing shift of traditional financial institutions toward tokenization projects on the Solana network. Mei pointed out that the digitization of U.S. stocks and ETFs on the Solana platform by platforms like xStocks represents a significant milestone in the institutional adoption of blockchain. However, he added that SOL‘s price continues to move in parallel with the cryptocurrency market, suggesting that the ETF effect might be limited in the short term.
Different Dynamics in XRP and DOGE ETFs
On the same day, spot XRP ETFs showed their second-highest daily performance with a net inflow of $164 million. Grayscale and Franklin Templeton’s ETFs attracted over $60 million in investments. Additionally, ETFs managed by Canary and Bitwise also saw positive inflows.
Conversely, the first spot Dogecoin 
$0.098898 ETF, GDOG, which started trading on the New York Stock Exchange, completed its first day without any net inflow despite an impressive trading volume of $1.41 million.
