SOL spot ETF yesterday net inflows under different data standards were about $56.1M–$60.9M, the highest since November 2025, and also the third-largest single-day inflow since the product launched. If we only look at Bitwise’s products, SOL inflows were about $40M, significantly exceeding BTC’s $22M. On the other hand, the OI of $SOL perps has risen to $7.54B, with 24h trading volume of about $16.5B, and the funding rate is close to neutral—nothing as crowded as BTC and ETH.
The data tells us that this time SOL isn’t simply rising along with BTC. Instead, it’s expanding on multiple fronts at the same time: ETFs, performance upgrades, and institutional product listings—helping SOL start to gain independent allocation demand.
Next, we need to watch whether the SOL ETF can maintain continuity. If in the future there are still inflows of $30M+ and funding remains moderate, then the structure is relatively healthy. If the ETF cools off quickly, but OI continues to rise, we need to be careful about sentiment chasing after price gains.
The data tells us that this time SOL isn’t simply rising along with BTC. Instead, it’s expanding on multiple fronts at the same time: ETFs, performance upgrades, and institutional product listings—helping SOL start to gain independent allocation demand.
Next, we need to watch whether the SOL ETF can maintain continuity. If in the future there are still inflows of $30M+ and funding remains moderate, then the structure is relatively healthy. If the ETF cools off quickly, but OI continues to rise, we need to be careful about sentiment chasing after price gains.