Growing Appetite for Altcoins Drives $78M Into Solana-Based ETFs

Solana ETFs See $78 Million in Inflows as Investors Eye Possible Spot Approval

Investor interest in Solana-focused exchange-traded funds (ETFs) has surged, with three U.S.-listed products pulling in a combined $78 million over the past month. The rise in inflows comes as optimism builds around the potential approval of a spot Solana ETF, which could include staking features for additional yield.

The biggest standout is the newly launched REX-Osprey SOL + Staking ETF (SSK). Debuting on July 2, the fund has already accumulated over $41 million in assets under management, according to data from Bloomberg Intelligence. Meanwhile, two other Solana products from Volatility Shares—the leveraged Solana ETF (SOLT) and its standard version (SOLZ)—have brought in $69 million and $23 million in assets year-to-date, respectively.

“It’s still small compared to BTC or ETH ETFs, but seeing all these positive numbers is a good sign,” noted Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, in a post on X.

The strong inflows are fueled by speculation that a spot Solana ETF may soon win regulatory approval. Although the U.S. Securities and Exchange Commission (SEC) has not yet greenlit such a product, recent developments indicate the process might be moving forward.

Earlier this week, CoinDesk reported that the SEC has asked fund issuers to revise and resubmit important filings by the end of July. This suggests the timeline for potential approval could accelerate ahead of the previously anticipated October decision window.

If approved, Solana (SOL)—currently priced around $156.96—would join bitcoin (BTC) and ether (ETH) as one of the few cryptocurrencies available to U.S. investors through spot ETFs.

Since launching in January, bitcoin ETFs have attracted nearly $50 billion in inflows, reshaping the crypto investment landscape. BlackRock’s iShares Bitcoin Trust (IBIT) has become one of the top-earning ETFs overall, now holding 700,000 BTC.

Meanwhile, the newly approved Ethereum ETFs have already secured around $4.5 billion in assets under management.