Solana exchange-traded funds (ETFs) recorded a substantial $26.57 million in daily net inflows on Tuesday, May 12, marking the highest single-day intake in more than two months. This influx, led predominantly by Bitwise, signals a notable resurgence in institutional demand for the layer-1 asset after weeks of lackluster inflows and occasional outflows.
The latest data pushes the cumulative net inflows for Solana ETFs to $1.08 billion. Bitwise dominated the flows, attracting $21.62 million—over 80% of the day’s total—leaving competing funds with minimal shares. This pattern reinforces Bitwise’s ongoing lead in the Solana ETF space since its entrance.
The surge coincided with a broader crypto market rally, which lifted Solana’s price to around $98—a key support level that analysts compare to the early adoption phases of Bitcoin and Ethereum ETFs. Last week, Solana ETFs also recorded $8.4 million in net inflows, hinting at steady accumulation rather than speculative retail trading. These metrics suggest that regulated capital is increasingly viewing SOL as a long-term bet despite lingering market uncertainty.
