Bitwise Solana ETF Extends Inflow Streak to Seven Sessions With $9.65 Million Addition
Bitwise’s Solana ETF recorded $9.65 million in net inflows on September 28, extending its positive streak to seven consecutive trading sessions even as SOL declined in price, according to SoSoValue data.
The latest inflow brought the fund’s cumulative net inflows to approximately $1.23 billion, leaving it about $270 million short of the $1.5 billion milestone. The continued positive flows indicate that investors were still adding capital to the product during Solana’s pullback, although the data does not identify the types of investors involved or their reasons for buying.
U.S. Solana ETFs collectively recorded $12.70 million in net inflows during the same session. Bitwise accounted for approximately 76% of that total, while other funds combined for the remaining $3.05 million.
Bitwise Solana ETF Maintains Seven-Session Inflow Streak
The September 28 addition marked the seventh straight trading session in which investors put money into Bitwise’s Solana ETF. The consecutive inflows have pushed cumulative net investments closer to $1.5 billion, but the pace of daily flows does not provide a reliable timetable for reaching that level.
Cumulative net inflows represent the difference between money entering and leaving an ETF. They should also be distinguished from the market value of the fund’s underlying holdings, which can rise or fall with SOL’s price.
As a result, the value of existing Solana holdings can decline even when an ETF continues to receive new capital. Conversely, positive ETF flows alone do not establish that SOL will recover immediately, since the cryptocurrency’s price is also influenced by trading activity across the broader market.
The September 28 figures therefore show continued demand for Bitwise’s product during a period of weaker SOL prices, rather than providing evidence of a guaranteed change in the cryptocurrency’s price trend.
Bitwise’s $9.65 million inflow also represented the largest share of the $12.70 million combined inflows recorded by U.S. Solana ETFs that day. The figures highlight the fund’s contribution to the sector’s positive daily result, while the seven-session streak has pushed its cumulative net inflows toward the $1.5 billion mark.
Writer: Marcus RenfieldCrypto Market Analyst & Onchain WriterMarcus Renfield covers cryptocurrency markets with a focus on onchain data, Bitcoin price action, and emerging market narratives. His writing examines how capital flows, network activity, and broader market structure influence short- and medium-term trends.He aims to provide clear, data-informed analysis for readers seeking a deeper understanding of crypto market dynamics.