Solana ETFs attract $138M in 10 days – Is SOL ignoring the demand?

As the market sees fresh bullish optimism, the spot Solana [$SOL] ETF recorded its strongest period of investor demand since these products launched.

According to Glassnode, Solana spot ETFs recorded $138 million in net inflows over the course of 10 days. Of these, the most eye-catching day was the 25th of August when the Solana products collectively attracted around $47 million in a single day.

Solana ETF breaks record, but…

At the same time, the overall Solana ETFs accumulated roughly $1.7 billion in total inflows, according to Bloomberg ETF analyst Eric Balchunas.

Interestingly, the category avoided prolonged Net Outflows despite difficult market conditions during the first half of 2026.

Bitwise’s Solana Staking ETF, BSOL, emerged as the largest beneficiary. The fund crossed $1 billion in Assets Under Management [AUM], becoming the first Solana ETF to reach that milestone.

Bitwise’s official fund data shows that BSOL held 9,332,360.79 $SOL, worth approximately $1.018 billion, as of the 26th of August. In fact, the fund was launched in October 2025, meaning it reached the $1 billion mark in roughly 10 months.

However, the ETF inflows should not be interpreted as a guaranteed bullish signal for $SOL’s price. This is because $SOL was trading at $104.05 at press time, after a drop of 3.1% in the past 24 hours but a hike of over 10% in the past week.

Meanwhile, Bitcoin ETFs, along with other altcoin ETFs, all exhibited an inflow streak during the same period.

Solana’s governance voting adds to the optimism

At the same time, Solana’s first round of on-chain governance voting has now concluded, with the community approving two proposals—SGP-0001, “The Solana Constitution,” and SGP-0002, “Double Disinflation.”

While rejecting SGP-0003, the “Resource and Inclusion Fee” proposal.

For its purpose, SGP-0002 doubles Solana’s annual disinflation rate from 15% to 30%, allowing $SOL to reach its 1.5% terminal inflation rate in about 2.8 years instead of 5.7 years.

Meanwhile, SGP-0003 failed with 53.90% support.

The latter proposed splitting transaction fees into a fixed inclusion fee and a resource fee, with the latter fully burned.

All in all, Solana approved faster disinflation but rejected the proposed new fee-and-burn structure. This comes on the heels of the Solana-based AVICI price crashing 37% after a reported $600K card withdrawal incident.

Final Summary

• Solana ETF category has accumulated roughly $1.7 billion in cumulative flows.
• Bitwise’s Solana Staking ETF, BSOL, alone crossed $1 billion in assets under management (AUM).