Solana News Today: "Solana ETFs Outperform Bitcoin, Ethereum as Institutional Adoption Surges"

The Bitwise Solana Staking ETF (BSOL) has seen a brief pause in its 21-day streak of net inflows, marking its first outflow since October 28, according to SoSoValue data. The $587 million fund, which holds 4.31 million SOL, has attracted $613 million in cumulative inflows since its October 28, 2025, launch, outperforming broader market trends where Bitcoin and Ethereum ETFs faced $3.7 billion and $1.64 billion in monthly outflows, respectively according to data. The pullback on November 26, a $8.10 million outflow, contrasts with the previous two weeks of multi-million-dollar daily inflows, highlighting the fund's resilience amid volatile crypto conditions.

Institutional demand for Solana-based products remains robust, driven by strategic moves from major players. Franklin Templeton, managing $1.7 trillion in assets, filed for a Solana spot ETF with a competitive 0.19% fee, signaling expanding institutional interest according to reports. This development follows Bitwise's rapid accumulation of assets, including a $26.39 million withdrawal of SOL from Coinbase into ETF custody wallets, as tracked by on-chain analytics. Meanwhile, Grayscale and VanEck have also entered the market, driving fees downward through introductory waivers and creating multiple regulated pathways for institutional exposure according to data.

Solana's ETFs have defied broader crypto market weakness, attracting $369 million in inflows over three weeks while Bitcoin and Ethereum ETFs shed capital. Analysts attribute this divergence to Solana's growing institutional adoption, with the network's $2.85 billion in annual revenue-driven by trading, DeFi, and memecoin activity-positioning it as a "blue-chip" asset according to analysis. The blockchain's high throughput and low fees have also made it a preferred platform for tokenization projects, such as xStocks, further cementing its appeal according to reports.

Despite recent outflows, Solana's fundamentals remain strong. The network processes over 3 million daily active addresses and channels fees directly to validators, reinforcing its economic model according to data. Ethereum, by contrast, faces challenges from Layer 2 fragmentation, which dilutes its fee capture and weakens the link between usage and ETH's value. While Ethereum's DeFi ecosystem retains $50 billion in total value locked, rising costs push retail users to Layer 2s, eroding its cultural influence according to analysis.

Looking ahead, the competition between Solana and Ethereum will hinge on technological execution and institutional alignment. Solana's upcoming Firedancer upgrade aims to enhance throughput, while Ethereum's modular roadmap prioritizes security over speed according to analysis. For now, Solana ETFs continue to outperform expectations, with Franklin Templeton's entry likely to accelerate inflows as the market consolidates.