Bitwise Solana ETF Adds $9.65 Million as Inflow Streak Defies Price Decline

Summary

• Bitwise’s Solana ETF attracted $9.65 million despite SOL’s price decline, extending its inflow streak to seven consecutive positive trading sessions.
• Cumulative net inflows reached approximately $1.23 billion, leaving Bitwise’s Solana fund $270 million below the $1.5 billion net inflow milestone.
• Bitwise captured approximately 76% of total U.S. Solana ETF inflows, although positive fund demand does not guarantee a price recovery.

Bitwise’s Solana ETF attracted $9.65 million on September 28, extending its inflow streak to seven trading sessions despite SOL’s price decline. According to SoSoValue data, the fund’s cumulative net inflows reached approximately $1.23 billion, approaching the $1.5 billion milestone while ETF demand remained positive during Solana’s pullback.

Across seven consecutive trading sessions, investors added money to Bitwise’s product, demonstrating sustained demand, although the figures do not distinguish institutional buyers from other participants.

Additionally, the inflow data does not identify individual investors or explain their motivations, limiting conclusions about a broader shift in market sentiment.

Meanwhile, U.S. Solana ETFs collectively attracted $12.70 million during the September 28 session, with Bitwise accounting for approximately 76% and other funds receiving $3.05 million.

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Seven Positive Sessions Bring Bitwise Closer to $1.5 Billion

With cumulative net inflows approaching $1.23 billion, Bitwise needs approximately $270 million in additional net investments to reach $1.5 billion. Nevertheless, the seven-session streak offers no reliable timetable for reaching that level, since daily subscriptions and withdrawals can change.

Moreover, cumulative net inflows measure investor contributions minus withdrawals, while the market value of fund holdings also reflects SOL’s price. A decline in Solana can therefore reduce the value of existing holdings even when investors add money to the ETF.

Similarly, positive ETF flows do not guarantee an immediate price recovery, because trading across the broader market also influences SOL. The September 28 figures instead show that demand for Bitwise’s fund remained positive despite the underlying asset’s reported price weakness.

Besides extending the streak, the $9.65 million addition strengthened Bitwise’s contribution to the broader Solana ETF market’s positive daily result. Its substantial share of aggregate inflows underscores the fund’s position within that session, without establishing how subsequent trading will develop. Overall, Bitwise’s seven-session inflow streak lifted cumulative net investments toward $1.5 billion while SOL’s pullback underscored the difference between fund demand and price.

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