Solana exchange-traded funds (ETFs) have continued to attract hundreds of millions in uninterrupted capital, bucking a volatile trend that saw Bitcoin and Ether funds recently rebound from significant outflows.
These Solana ETFs have accumulated over $510 million in net inflows since their launch on October 28. The funds recorded 19 consecutive positive sessions, ending Friday without a single day of outflows.
Approximately $311 million of these inflows occurred in November alone, highlighting sustained investor interest. Bitwise’s BSOL led the group, attracting $444 million in net flows.
This strong performance contrasts sharply with the broader cryptocurrency market. Solana’s token price dropped 33% last month and 10% in the past week, trading around $127.
In the U.S. market, Bitcoin spot ETFs saw a net inflow of $238.4 million on Friday. This marked their highest daily intake since early November.
The rebound followed a massive $903 million outflow the prior Thursday, one of the largest single-day exits for these funds. November had seen Bitcoin ETF outflows nearing $3 billion.
BlackRock’s IBIT and Grayscale’s GBTC were key contributors to the Friday recovery.
Similarly, Ethereum spot ETFs ended an eight-day outflow streak by attracting $55.7 million on Friday. Fidelity’s FETH led the Ether fund inflows with $95.4 million.
Ether ETFs had faced over $1.7 billion in outflows in November, making it their worst month to date. The rebound in both Bitcoin and Ether ETFs follows weeks of significant withdrawals reflecting investor aversion to risk.
The price of Ether (ETH) fell 15% between Wednesday and Friday, triggering $460 million in leveraged long liquidations. However, derivatives data suggests early signs of stabilization for Ether, with futures funding rates showing a slight increase.
These divergent investment flows highlight a potential “altcoin season” where institutional capital targets alternative cryptocurrencies. Bitcoin lost 12% in the week, while Ether was 13% lower.
The broader crypto market remains volatile. Investors are monitoring whether the recent ETF rebounds signal a wider recovery or merely a period of consolidation for institutional adoption.