Solana exchange-traded funds saw $421 million in inflows last week, offsetting $360 million in overall crypto ETF outflows driven by $946 million from U.S. Bitcoin funds. New U.S. Solana ETFs like Bitwise and Rex-Osprey fueled the surge amid market uncertainty.
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U.S. Bitcoin ETFs faced $946 million in outflows, with iShares Bitcoin Trust losing $400 million.
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Solana ETPs attracted $421 million, boosted by recent U.S. fund launches.
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European funds in Germany and Switzerland recorded over $30 million in net inflows, per CoinShares data.
Discover how Solana ETF inflows of $421 million countered $360 million crypto outflows last week. Stay ahead in crypto investments with key insights on Bitcoin declines and global trends. Read more now.
What Drove Solana ETF Inflows Amid Crypto Market Outflows?
Solana ETF inflows reached $421 million last week, providing a bright spot in an otherwise challenging period for crypto investment products. This surge was primarily fueled by the launch of new U.S.-based Solana exchange-traded funds in late October, attracting significant investor interest despite broader market pressures. Overall, digital asset funds experienced net outflows of $360 million, highlighting a divergence in investor sentiment toward specific assets like Solana.
How Did Bitcoin ETFs Perform Compared to Solana Funds?
U.S. Bitcoin exchange-traded funds bore the heaviest losses, with $946 million in withdrawals across the category. The iShares Bitcoin Trust (IBIT) alone shed approximately $400 million, marking the largest outflow among the 11 spot Bitcoin funds. These declines were influenced by Federal Reserve Chair Jerome Powell’s comments following a recent U.S. interest rate cut, which investors viewed as less dovish than anticipated, creating uncertainty. CoinShares Director of Research James Butterfill noted in their report that this “hawkish tone, combined with a notable absence of key U.S. economic data releases,” left investors in limbo. In contrast, Solana products saw robust gains, with the Bitwise Solana ETF (BSOL) quickly amassing $105 million in assets under management shortly after its Nasdaq debut. The Rex-Osprey Solana Staking ETF (SSK) also hit $100 million in AUM within 12 trading days, underscoring strong demand for Solana exposure. Globally, the picture was more balanced: German and Swiss issuers reported over $30 million in net inflows, while Canadian and Australian funds added $8.5 million and $7.2 million, respectively. This regional variation helped temper the total crypto ETF outflows to $360 million. The scarcity of U.S. economic indicators stems from an ongoing government shutdown exceeding 33 days, potentially becoming the longest in history by mid-week. Prediction markets, such as those on platforms like Myriad, indicate a 97% chance that lawmakers will not resolve the shutdown in the immediate future, adding to market volatility. Bitcoin traded at $107,463 after a 2.5% daily drop, while Ethereum fell 5.1% to $3,657.77, contributing to over $1 billion in crypto contract liquidations, with BTC and ETH accounting for $312 million and $303 million, respectively, based on CoinGecko data.
Frequently Asked Questions
What Caused the $421 Million Inflows into Solana ETFs?
The inflows into Solana ETFs were driven by the excitement surrounding new U.S.-listed funds, including the Bitwise Solana ETF and Rex-Osprey Solana Staking ETF, which began trading in late October. These products quickly gained traction, reaching substantial assets under management and appealing to investors seeking exposure to Solana’s high-performance blockchain amid broader crypto uncertainty.
Why Are U.S. Bitcoin ETFs Seeing Major Outflows in 2025?
U.S. Bitcoin ETFs experienced $946 million in outflows last week due to mixed signals from the Federal Reserve, including Fed Chair Jerome Powell’s cautious remarks on future rate cuts. Combined with limited economic data from the ongoing government shutdown, this has prompted investors to pull back, with the iShares Bitcoin Trust losing $400 million alone.
Key Takeaways
- Solana’s Surge: $421 million in ETF inflows highlight growing interest in Solana products, offsetting broader crypto losses.
- Bitcoin’s Pressure: U.S. funds saw $946 million outflows, influenced by Fed policy signals and data shortages.
- Global Balance: European and other regional inflows of over $40 million helped limit total digital asset outflows to $360 million.
Conclusion
Last week’s crypto ETF landscape revealed stark contrasts, with Solana ETF inflows of $421 million countering $360 million in overall outflows and heavy Bitcoin fund withdrawals. As investors navigate Fed uncertainties and the U.S. government shutdown’s economic ripple effects, Solana’s momentum suggests selective opportunities in the digital asset space. Monitor upcoming policy developments and fund performances to inform your investment strategy moving forward.
