Solana News Today: Solana ETFs Outpace Bitcoin as Staking Yields Drive Institutional Confidence

Solana ETF inflows hit a record $58 million in a single day on Nov. 19, extending a 20-day streak of positive flows and outpacing Bitcoin and Ethereum ETFs, which faced significant outflows amid market volatility. The surge in demand for Solana-based exchange-traded funds (ETFs) highlights growing institutional confidence, with Bitwise's BSOL ETF dominating the space.

Bitwise's BSOL, which launched on Oct. 30, has become the largest Solana ETF, amassing $580 million in inflows over three weeks and surpassing $500 million in assets under management within 18 days of trading. The fund, which stakes 100% of its holdings to generate over 7% annual rewards, has attracted investors seeking both price appreciation and passive income. Competitors like 21Shares and Fidelity also launched Solana ETFs in late October and November, with Fidelity's FSOL recording $2.1 million in first-day inflows.

The contrast with Bitcoin and Ethereum ETFs could not be starker. Bitcoin ETFs saw $3.79 billion in outflows in November alone, while Ethereum ETFs lost $1.64 billion, as investors rotated into altcoin funds. On Nov. 20, Bitcoin ETFs posted a record $903 million in outflows, with BlackRock's IBIT leading losses at $355.5 million. Analysts attribute the shift to Solana's competitive advantages, including lower fees, faster transaction speeds, and staking capabilities absent in Bitcoin products.

Despite the inflows, Solana's price remains under pressure, trading at $130 as of Nov. 25 - a 30% drop from its Oct. peak. Technical analysis suggests the $125–$130 range is critical for maintaining market structure, with derivatives data showing negative funding rates and declining open interest. On-chain metrics paint a more optimistic picture: Solana's active addresses and daily transactions rose 13% in November, outpacing Ethereum's 15% decline.

Raj Gokal, co-founder of Solana, acknowledged the ETF-driven momentum in a Nov. 25 tweet, calling the 20-day inflow streak "greatly underappreciated." He emphasized the network's role in institutional tokenization projects and real-world use cases, such as xStocks' U.S. equity tokenization platform. Bitwise CEO Hunter Horsley similarly highlighted the fund's success as a sign of crypto's mainstream adoption, stating, "Investors' belief in the Solana ecosystem is a cornerstone of the future of the crypto industry."

Market observers caution that macroeconomic risks and thin liquidity in crypto markets could test Solana's resilience. Bitcoin's market depth fell 30% from 2025 highs, exacerbating price swings amid large ETF redemptions. Yet, Solana's ability to attract capital during a broader downturn underscores its positioning as a "blue-chip" asset with long-term growth potential.