Bitwise Crypto ETPs Draw Roughly $100 Million in a Single Day, Led by Solana
Key Takeaways
- •Solana products drew about $40 million, the largest share of Bitwise’s roughly $100 million in daily U.S. ETP inflows.
- •Bitcoin products received about $22 million, while Hyperliquid and XRP brought in roughly $20 million and $12 million, respectively.
- •Ethereum-related products attracted approximately $1.4 million, the smallest amount among the top five categories.
- •Bitwise’s Solana Staking ETF traded more than $126 million, marking its highest volume since launch.
- •U.S. spot Bitcoin ETFs posted eight straight sessions of net inflows, totaling roughly $2.8 billion over the period.
Bitwise Crypto ETPs Draw Roughly $100 Million in a Single Day, Led by Solana
Asset manager Bitwise, a major U.S. crypto fund issuer, recorded roughly $100 million in inflows across its U.S. crypto exchange-traded products (ETPs) in a single day, according to data provided by CEO Hunter Horsley.
Around $100,000,000 into Bitwise ETPs in the US today. Top 5:
- Solana: ~$40,000,000
- Bitcoin: ~$22,000,000
- Hyperliquid: ~$20,000,000
- $XRP : ~$12,000,000
- Ethereum: ~$1,400,000
Investors are adding exposure to crypto
— Hunter Horsley (@HHorsley), August 28, 2026
Solana products captured the largest share of investor demand, drawing approximately $40 million — roughly 40% of the day's total inflows into Bitwise's U.S. ETFs. Bitcoin products came in second with about $22 million, while Hyperliquid ranked third with roughly $20 million. $XRP products attracted around $12 million, and Ethereum-related products accounted for approximately $1.4 million, the smallest share among the top five.
"Investors are adding exposure to crypto," Horsley said.
Taken together, Solana, Hyperliquid and $XRP drew roughly $72 million of the approximately $100 million flowing into Bitwise's products, a combined total that significantly exceeds the amount allocated to Ethereum.
Single-asset altcoin ETPs are a relatively recent addition to the U.S. market: spot Bitcoin ETFs debuted in January 2024, and funds tied to tokens including Solana, $XRP and Hyperliquid followed, expanding the range of crypto exposure available through ordinary brokerage accounts. Bitcoin funds still hold far more in total assets than their altcoin counterparts, which makes a day when Solana outdraws Bitcoin at a single issuer a notable data point in the newer products' adoption.
Separately, the Bitwise Solana Staking ETF (BSOL) recorded its highest trading volume since its launch, with the product trading more than $126 million on the day.
The "debasement trade"
The inflow figures come as crypto investment products see renewed interest amid Bitcoin's recovery toward the $80,000 level. U.S. spot Bitcoin ETFs have recorded eight consecutive trading sessions of net inflows, bringing their combined intake over the period to roughly $2.8 billion.
The most recent daily figure showed Bitcoin ETFs attracting $232 million on Wednesday, down from a daily peak of $606 million recorded on August 20.
BlackRock's IBIT, the largest U.S. spot Bitcoin ETF by assets, has accounted for approximately $2.02 billion, or 72%, of the $2.8 billion eight-day inflow streak.
Bloomberg ETF analyst Eric Balchunas recently noted that gold and Bitcoin funds had attracted a combined $7 billion over a five-day period, a figure he described as a record. He linked the flows to a broader "debasement trade," in which investors increasingly seek alternative assets. The phrase is used to describe positioning in assets such as gold and Bitcoin that investors view as hedges against the erosion of fiat currency value, often discussed alongside concerns about government spending and deficits.
