Solana spot exchange-traded funds have posted their strongest 10-day inflow stretch on record, drawing $138 million in net inflows, including a single-day high of $47 million on Tuesday. Bitwise's BSOL crossed $1 billion in assets under management during the same period, becoming the first Solana ETF to reach that threshold. The milestones arrived as SOL fell 4.26% to $103.58 amid a broader crypto market sell-off.

Record Inflow Stretch for Solana Spot ETFs

Glassnode, an on-chain analytics firm, reported that Solana spot ETFs accumulated $138 million in net inflows across the latest 10-day period, marking the category's strongest stretch on record. Tuesday delivered the largest single-day inflow, with funds attracting $47 million. Recent inflow charts also showed ETF balances rising across several issuers. Spot ETFs give investors exposure to SOL through a standard brokerage account rather than direct token ownership, and fund flow data has become one of the most closely watched demand gauges across crypto markets in the spot-ETF era.

Solana spot ETFs had their strongest stretch on record. $138M of net inflows over 10 days, including a single-day high of $47M on Tuesday. Leading the pack is @Bitwise 's BSOL, now holding 9.3 million $SOL and crossing $1B in AUM – the first Solana ETF to get there. pic.twitter.com/qezROSogRY

— glassnode (@glassnode) August 28, 2026 (X post)

Bitwise BSOL Becomes First Solana ETF to Top $1 Billion

Bitwise's BSOL led the group, according to Glassnode's figures. The fund now holds about 9.3 million SOL and manages more than $1 billion in assets. As its official name indicates, the Bitwise Solana Staking ETF uses a staking structure, meaning the fund's SOL holdings are staked on the Solana network rather than passively held.

Bitwise said BSOL reached the milestone exactly 10 months after its launch, and stated that roughly $1 billion entered the fund during a bear market.

The Bitwise Solana Staking ETF, BSOL, just crossed $1 billion AUM—exactly 10 months after its launch. Most of the approximately $1 billion of inflows have come in a bear market, an impressive indication of investor conviction. Grateful to investors for trusting Bitwise to… pic.twitter.com/6ro4NF3F1N

— Bitwise (@Bitwise) August 28, 2026 (X post)

Bloomberg ETF analyst Eric Balchunas said Solana investment products have recorded $1.7 billion in cumulative flows, and noted that the category has avoided an extended period of net outflows (X post).

Teddy Fusaro, Bitwise president, pointed to the gap between BSOL's asset growth and its market performance. He said BSOL remained roughly 40% below its listing price, while Solana itself remained about 60% below its all-time high. He described the product as the third crypto asset ETP to surpass $1 billion (X post). That lineage traces back to the US spot Bitcoin ETFs that launched in January 2024 and the Ethereum funds that followed in July 2024, categories that together accumulated tens of billions of dollars in assets within their first year of trading.

SOL Falls 4.26% Despite Strong ETF Demand

SOL traded at $103.58 after falling 4.26% over 24 hours, according to CoinMarketCap data. The decline tracked a wider sell-off across the crypto market, which CoinMarketCap linked primarily to rising risk aversion following hawkish Federal Reserve commentary. Bitcoin also declined 4.24%, keeping SOL closely aligned with broader market direction.

The data provider also cited profit-taking after SOL recently rallied toward $110. A modest rotation away from altcoins followed as Bitcoin dominance increased.

CoinMarketCap identified $104.41 as an important Fibonacci support level for SOL. Holding that area could support another move toward $110, while a sustained move below that level could expose SOL to a deeper pullback toward $100.

The price decline contrasted with continued accumulation across Solana ETF products, a divergence showing that ETF demand persisted even as spot prices weakened. BSOL's asset milestone and the sector's record inflow stretch occurred during the same period.