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Solana Spot ETFs Draw $6.23 Million in Net Inflows on May 8

Bitwise Solana Staking ETF accounted for all May 8 net inflows into Solana spot ETFs, while total net assets rose to $987 million and cumulative net inflows reached $1.057 billion.

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Fact Check
All specific figures in the claim are directly confirmed by Odaily and PANewsLab, both citing SoSoValue as the primary data source: $6.67M total net inflow on May 7, Bitwise BSOL leading at $5.36M, total net assets of $938M, and cumulative inflows of $1.051B. Bitget News provides a third independent corroboration of the $6.67M figure. SolanaFloor's tracker, while only updated to May 5, shows a cumulative flow of ~$1.03B consistent with reaching $1.051B after subsequent inflows. No conflicting data was found. The minor residual uncertainty (5%) reflects the absence of a direct fetch from SoSoValue itself and the fact that the SolanaFloor tracker was not yet updated to May 7.
Summary

Solana spot ETFs recorded $6.23 million in daily net inflows on May 8. The entire amount came from the Bitwise Solana Staking ETF, which added $6.23 million and brought its cumulative net inflow to $862 million. Total net assets across Solana spot ETFs stood at $987 million, while cumulative net inflows for the category reached $1.057 billion.

Terms & Concepts
  • Spot ETF: An exchange-traded fund that aims to track the current market price of an underlying asset rather than using futures contracts.
  • Staking: Locking crypto to help support blockchain operations and earn rewards in return.
  • Net inflows: The amount of new money entering a fund after subtracting investor withdrawals over a given period.