US spot solana exchange-traded funds took in $33.5 million on Monday, their largest single-day total of 2026 and the biggest since December, pushing cumulative net inflows to a record $1.22 billion.
The additions extended an inflow streak to a fifth consecutive session and lifted total trading volume to $166.8 million, the highest since October 2025, according to SoSoValue data.
SOL traded near $100 on Tuesday, up 6.72%, testing a psychological level it has not held since the token began a nine-month decline from its January 2025 peak of $294.33.
One fund is doing almost all of the work
The category-wide figure conceals how concentrated the demand actually is.
Bitwise’s BSOL led Monday’s inflows with $25 million, taking its cumulative total to $948.2 million. That represents roughly 80% of all capital that has entered US spot SOL ETFs since the category launched, according to Farside data.
Fidelity’s FSOL added $4.8 million and Grayscale’s GSOL $3.7 million. The remaining funds contributed little or nothing.
That pattern has held throughout the year. During the week ending 14 August, Bitwise and Morgan Stanley’s MSOL accounted for virtually the entire $10.26 million weekly total across two trading sessions, while VanEck, Fidelity, 21Shares, Franklin Templeton and Grayscale recorded zero net flows.
Bitwise president Teddy Fusaro said BSOL recorded $108 million in trading volume on 24 August, which he described as the highest volume day for any SOL ETF on record. The fund’s $24.99 million inflow was its largest since February.
The flows arrived during the drawdown, not after it
Bitwise chief executive Hunter Horsley made a point on Monday that reframes what the $1.22 billion figure represents.
“The Bitwise Solana Staking ETF took in nearly $1 billion in inflows as price went from $225 to $60,” Horsley wrote. “Wonder what’s possible with price going in the other direction.”
The claim holds up against the record. SOL printed nine consecutive red months from its January 2025 high, entering July 2026 near $67. Across that period the ETFs kept absorbing capital, occasionally on days when bitcoin and ether funds were posting withdrawals.
On 6 July, daily net inflows reached 103,020 SOL across the four active products. On 21 July, BSOL alone took $2.64 million, lifting its cumulative net inflows past $1.13 billion.
Whether that reflects conviction or simply automated allocation into a newly available wrapper is not something flow data can distinguish. What it does establish is that the buying was not price-chasing, because there was no price to chase.
Where SOL sits against XRP
The comparison currently generating attention is with XRP, and it splits depending on which timeframe you use.
Solana products took $33.49 million on Monday against $13.82 million for XRP funds, a daily advantage of roughly $19.67 million. On cumulative flows the position reverses: XRP ETFs hold about $1.57 billion in net inflows and $1.44 billion in net assets, against Solana’s $1.22 billion and $1.21 billion.
Both tokens have run hard. SOL has moved from the mid-$70s to around $100 with a daily RSI near 87. XRP has climbed from roughly $1.00 to $1.48, reclaiming its long-term average at $1.35 with an RSI near 80.
Those readings are firmly in overbought territory for both, which is the standard caveat attached to any breakout that has already delivered 30% in a week.
Three governance votes close on Thursday
The flows arrive alongside a separate supply story that traders appear to be positioning around.
Solana validators are voting on three proposals that close at the end of epoch 1023 on Thursday. One establishes a governance framework described as a “Solana Constitution.” A second doubles disinflation, cutting roughly 18.9 million SOL from emissions over six years. A third introduces a resource fee mechanism designed to lift daily SOL burning from around 648 tokens to approximately 9,000, an increase of nearly fourteen times.
SOL led major tokens on Tuesday while the broader market consolidated, a divergence that suggests some of the move is front-running a tightening float before implementation lands rather than tracking bitcoin.
The network’s usage numbers give that some grounding. Solana processed 33 billion transactions across 2025 and 10.1 billion in the first quarter of 2026 alone. Decentralised exchange volume reached $1.4 trillion year to date as of November 2025, with the Jupiter aggregator handling $716 billion of token volume on its own.
The scale still favours bitcoin by an order of magnitude
Context matters when reading a record.
Bitcoin ETFs pulled $1.92 billion in the week ending 21 August alone, their strongest since October 2025, with BlackRock’s IBIT accounting for $1.33 billion across five sessions. August has delivered $2.38 billion in bitcoin ETF inflows, and the category is still $2.91 billion in net outflow for the year.
Solana’s entire cumulative total since launch is $1.22 billion. Ether ETFs took $116 million on 24 August alone.
Total net assets across Solana ETFs stand at $1.21 billion, up 68% from $717 million in June. That is meaningful growth for a category that spent much of the year drawing negligible flows, and it establishes SOL as more than a marginal presence in US listed products. It does not put it in the same tier as bitcoin or ether.
Morgan Stanley has already launched products with exposure to both ether and solana on NYSE Arca. Whether the current streak reflects a durable widening of institutional appetite beyond the two largest assets, or a rotation that reverses when the rally cools, will not be clear from five sessions of data.
FAQ
How much did Solana ETFs take in?
$33.5 million on Monday 24 August, the largest single-day total of 2026 and the biggest since December, extending a five-session streak that began 18 August and netted $61.8 million over the period.
Which funds are driving it?
Bitwise’s BSOL took $25 million on Monday and holds $948.2 million cumulatively, roughly 80% of all capital that has entered US spot SOL ETFs. Fidelity’s FSOL added $4.8 million and Grayscale’s GSOL $3.7 million.
How does that compare to XRP?
Solana beat XRP by about $19.67 million on the day, but XRP ETFs hold $1.57 billion in cumulative inflows against Solana’s $1.22 billion.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry significant risk. Always conduct your own research before making any investment decisions.
