Bitwise's Solana exchange-traded fund recorded $9.65 million in net inflows on September 28, extending its run of positive sessions to seven consecutive trading days even as the price of SOL declined, according to SoSoValue data.

The latest addition lifted the fund's cumulative net inflows to approximately $1.23 billion, leaving it about $270 million short of the $1.5 billion milestone. The continued positive flows indicate that investors were still adding capital to the product during Solana's pullback, although the data does not identify the types of investors involved or their reasons for buying. The figures underscore a notable divergence: net creations alongside a declining token price.

Bitwise Led U.S. Solana ETF Inflows

Bitwise's fund is one of several spot Solana ETFs listed in the U.S., a group whose combined daily results SoSoValue tracks. U.S. Solana ETFs collectively recorded $12.70 million in net inflows during the same session. Bitwise accounted for approximately 76% of that total — roughly three of every four dollars entering U.S. Solana funds that day — while the remaining funds combined for the other $3.05 million.

The September 28 addition marked the seventh straight trading session in which investors put money into Bitwise's Solana ETF. The consecutive inflows have pushed the fund's cumulative net investments closer to the $1.5 billion level, but the pace of daily flows does not provide a reliable timetable for reaching that mark.

Net Inflows Are Not the Same as Fund Value

Cumulative net inflows represent the difference between the money entering and leaving an ETF. Sustained positive readings indicate that new capital has more than offset withdrawals over the period measured. These figures should also be distinguished from the market value of the fund's underlying holdings, which can rise or fall with SOL's price. As a result, the value of a fund's existing Solana holdings can decline even when the ETF continues to receive new capital.

Conversely, positive ETF flows alone do not establish that SOL will recover immediately, since the cryptocurrency's price is also influenced by trading activity across the broader market. The September 28 figures therefore show continued demand for Bitwise's product during a period of weaker SOL prices, rather than evidence of a guaranteed change in the cryptocurrency's price trend.

Taken together, the data highlight Bitwise's contribution to the U.S. Solana ETF sector's positive daily result, while the seven-session streak has carried the fund's cumulative net inflows toward the $1.5 billion mark. Upcoming daily flow reports will show whether the streak extends and how the remaining roughly $270 million gap to that milestone evolves.

Source: Hokanews