Investors Pour $78M Into Solana ETFs Amid Rising Interest in Altcoin Products

Solana ETFs See $78M in Inflows as Hopes for Spot Approval Grow

Investor interest in Solana-focused exchange-traded funds (ETFs) is on the rise, with three U.S.-listed products bringing in a combined $78 million over the past month. The surge comes amid growing anticipation that regulators could soon approve a spot Solana ETF, potentially allowing funds to include staking rewards.

The standout among these products is the newly launched REX-Osprey SOL + Staking ETF (SSK), which started trading on July 2 and has already accumulated more than $41 million in assets under management, according to Bloomberg Intelligence. Meanwhile, two other funds—Volatility Shares’ leveraged Solana ETF (SOLT) and its standard Solana ETF (SOLZ)**—have gathered $69 million and $23 million year-to-date, respectively.

“It’s all much smaller than BTC or ETH, but a lot of green numbers = good,” wrote Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, on X, noting that while Solana ETFs remain much smaller than bitcoin and ether funds, they’re showing positive momentum.

The inflows reflect rising optimism surrounding the possible launch of a spot Solana ETF. Although the U.S. Securities and Exchange Commission (SEC) hasn’t granted approval yet, industry watchers see signs that progress is accelerating.

Earlier this week, CoinDesk reported that the SEC requested issuers to revise and resubmit key filings by the end of July, hinting that the regulatory timeline may move faster than the previously anticipated October timeframe.

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

Since their debut in January, bitcoin ETFs have drawn nearly $50 billion in inflows, dramatically reshaping crypto investing in the U.S. BlackRock’s iShares Bitcoin Trust (IBIT) has emerged as one of the top revenue-generating ETFs overall, now holding 700,000 BTC.

Meanwhile, the newer Ethereum ETFs have already amassed around $4.5 billion in assets under management.