US Spot Solana ETFs Top $100 Million in Net Inflows in May
U.S. spot Solana ETFs surpassed $100 million in net inflows during the first 20 days of May, while last week alone brought a record $58.11 million, led by Bitwise’s BSOL and strong daily demand.
The specific figures cited in the claim are directly corroborated by multiple independent sources. The May 19 daily net inflow of $3.78 million is confirmed by both Bitget News and PANewsLab (019e42e5 article), both citing SoSoValue data. The total net assets figure of $958 million is confirmed by the same sources. The claim that May inflows exceeded $100 million in the first 20 days is not directly stated in any single source, but is consistent with the data: cumulative historical net inflow reached $1.121B by May 19, up from $1.117B on May 18, and a SoSoValue snippet references a single-day inflow of $19.069M on May 12 alone. The trajectory of daily inflows across May is consistent with a monthly total exceeding $100M. The only minor caveat is that the $100M monthly figure is an aggregated claim not explicitly stated in any single source, though the underlying daily data strongly supports it.
U.S. spot Solana ETFs continued to attract strong investor demand, recording more than $100 million in net inflows during the first 20 days of May and a record $58.11 million in net inflows last week, the highest weekly total since launch. On May 19, the products added $3.78 million, up from $2.06 million on May 18. Fidelity Solana Fund ETF led May 19 with $3.22 million in inflows, while VanEck Solana ETF added $560,200. For the record week, Bitwise’s BSOL accounted for $41.3 million of the $58.11 million total. Total net assets across U.S. spot Solana ETFs reached $958 million, and cumulative net inflows rose to $1.121 billion.
- Spot Solana ETF: An exchange-traded fund designed to track Solana’s market price directly, allowing investors to gain exposure without directly holding the cryptocurrency.
- Net inflows: The net amount of new money entering a fund after subtracting withdrawals over a given period.
- BSOL: Bitwise’s ticker symbol for its Solana exchange-traded fund product.