American spot ETFs on Solana attracted $188 million in net inflows over five trading sessions leading up to September 25, setting a new weekly record for the group of funds. All seven products received additional funds. The leader was BSOL from Bitwise with approximately $128 million. Following were GSOL from Grayscale with $28 million and FSOL from Fidelity with $18 million. Morgan Stanley, VanEck, Franklin Templeton, and 21Shares collectively accounted for another approximately $14 million.
A significant portion of the result came on Friday: in one day, the funds received about $87 million, marking the largest daily inflow since the launch of the products. BSOL accounted for approximately $56 million, while Grayscale's fund received another $19 million. Cumulatively, Bitwise also holds a notable market share: its product attracted about $1.2 billion out of a total of $1.6 billion in net inflows across all Solana ETFs, or about 76%. Last week, BSOL's share was around 68%, as the other funds together received about $60 million.
Activity was also observed in other segments of cryptocurrency ETFs. Over the week, American Bitcoin funds attracted about $2.4 billion, while Ethereum products garnered approximately $690 million, according to CoinDesk calculations based on daily data from Farside. SOL was trading around $119 on Monday morning, remaining about 60% below its all-time high of around $293. Meanwhile, Solana developers are testing the Alpenglow upgrade, which is expected to reduce payment finalization time from approximately 12.8 seconds to 150 milliseconds. On Friday, the upgrade entered its second public testing phase, but the launch date on the mainnet has yet to be announced.
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