Invezz
2025-09-29 18:01:38

Solana sees $291m in inflows as ETF anticipation rises

In a week marked by broader crypto market turmoil, Solana stood out as the top asset in terms of inflows into cryptocurrency investment products. SOL saw an injection of investment capital into Solana tied digital asset exchange products as speculation over potential approval of spot exchange-traded funds (ETFs) exploded. Solana outpaces Bitcoin, Ethereum in weekly ETP inflows According to the latest weekly report from CoinShares, digital asset investment products recorded net outflows of $812 million for the week ending September 28, 2025. Despite headwinds related to stronger-than-anticipated macroeconomic data for the US, Solana hit nearly $300 million in crypto ETP inflows. While Bitcoin and Ethereum ETPs floundered, Solana led, and XRP witnessed some notable inflow movement. Cryptocurrencies held around $39.6 billion in year-to-date inflows, close to the record $48.6 billion seen in 2024. Also, month-to-date inflows stood at $4 billion, highlighting sustained long-term optimism. But Solana outpaced the market, with SOL bucking the outflows trend with $291 million in the past week. In contrast, Bitcoin endured outflows of $719 million. Meanwhile, Ethereum saw over $409 million in outflows, a move that stalled the top altcoin’s impressive year-to-date momentum of $12 billion in inflows. CoinShares @CoinSharesCo · Follow 📉 Digital asset investment products saw US$812M in outflows last week. @Bitcoin and @ethereum both registered outflows of US$719M and US$409M respectively. @solana was the standout performer, seeing inflows of US$291M, and XRP ( @Ripple ) US$93.1M.🇺🇸 – US$1B 🇨🇭 + US$126.8M 🇨🇦 Watch on Twitter View replies 5:37 PM · Sep 29, 2025 4 Reply Copy link Read 5 replies CoinShares head of research James Butterfill attributed the huge inflows into SOL investment products to heightened investor enthusiasm surrounding upcoming ETF launches. Solana is among the top altcoins awaiting a SEC nod for an “Act ‘33” ETF, a scenario that could democratize access to the token for institutional and retail investors alike. SOL price outlook ahead of SEC nod for spot ETFs Solana’s dominance in this environment not only outpaced its blue-chip counterparts but also positioned it for potential price gains. As Butterfill noted, anticipation around spot Solana ETF applications by issuers like VanEck and 21Shares has driven interest in SOL. The launch of the ETFs, with staking added, has hit a new level of anticipation in the past few weeks. On Monday, that buzz rose as reports emerged that the SEC had begun implementing its recently adopted generic listing rules for crypto ETPs. Journalist Eleanor Terrett shared the news via X : “SCOOP: The SEC has asked issuers of $LTC, $XRP, $SOL, $ADA, and $DOGE ETFs to withdraw their 19b-4 filings following the approval of the generic listing standards, which replace the need for those filings. Am told withdrawals could start happening as soon as this week” SOL traded near $208, about 2% up in the past 24 hours as Bitcoin, Ethereum and XRP broke to $113,000, $4,180 and $2.92 respectively. Analysts say ETF approval could push Solana price to new all-time highs above $300, with highs of $1,000 in coming months possible amid other market tailwinds. The post Solana sees $291m in inflows as ETF anticipation rises appeared first on Invezz

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