Solana Spot ETFs Log $5.94M Inflows on Feb. 19 — Bitwise Leads

Solana Spot ETFs Log $5.94M Inflows on Feb. 19 — Bitwise Leads

According to SoSoValue, Bitwise Solana Staking ETF added $5.46M while Fidelity Solana Fund ETF saw $0.48M, bringing Solana spot ETFs' AUM to $710M and cumulative inflows to $886M.

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Fact Check
The statement concerns specific Solana spot exchange-traded fund inflows on February 19, 2024 and the distribution of those inflows, with Bitwise receiving the largest share. The most directly relevant evidence comes from a commentary source discussing ETF flow data for Solana on specific February dates, including February 19, 2024, and citing Bitwise as leading those flows. This aligns with secondary market reporting that also mentions positive inflows into US-based spot Solana ETFs around that period. While authoritative regulatory or fund logistics sources exist, they do not provide daily inflow figures; likewise, flow trackers focused on Bitcoin cannot confirm Solana data. There is no evidence contradicting the claim and multiple independent pieces of coverage suggest that the $5.94 million figure and Bitwise’s leading position are plausible. Given the consistency among relevant secondary sources and the lack of contradictory data, the statement is assessed as likely true, though it relies primarily on commentary and secondary reporting rather than a primary flow tracker, which slightly limits certainty.
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Summary

On February 19, Solana spot ETFs registered $5.94 million in net inflows, per SoSoValue. The Bitwise Solana Staking ETF accounted for $5.46 million, while the Fidelity Solana Fund ETF contributed $0.48 million. Total assets under management for Solana spot ETFs reached $710 million, with historical cumulative inflows rising to $886 million.

Terms & Concepts
  • Staking: Locking crypto to earn rewards and help secure a network.
  • Spot ETF: An exchange-traded fund that holds the underlying asset directly rather than futures.
  • Net inflows: New money added to funds after redemptions are subtracted.