Solana ETFs Attract $78M as Anticipation Builds for Spot Approval
Investor appetite for Solana-focused ETFs is heating up, with three U.S.-listed funds pulling in a combined $78 million over the past month. The inflows reflect growing speculation that a spot Solana ETF—potentially including staking features—could soon gain regulatory approval.
Leading the way is the newly launched REX-Osprey SOL + Staking ETF (SSK), which debuted on July 2 and has already amassed over $41 million in assets under management, according to Bloomberg Intelligence. Two other products, Volatility Shares’ leveraged Solana ETF (SOLT) and its standard Solana ETF (SOLZ)**, have collectively drawn $69 million and $23 million in assets so far this year.
“While these numbers are much smaller compared to BTC or ETH, it’s still positive to see so much green,” remarked Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, on X.
The steady inflows coincide with speculation around the potential launch of a spot Solana ETF. Although the U.S. Securities and Exchange Commission (SEC) has yet to approve such a fund, recent developments suggest progress is being made.
Earlier this week, CoinDesk reported that the SEC asked prospective issuers to revise and resubmit important documents by the end of July—a sign that the review process might move faster than the previously expected October timeline.
Should a spot Solana ETF win approval, 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 via spot ETFs.
Since their January debut, bitcoin ETFs have attracted close to $50 billion in inflows, transforming the crypto investment landscape. BlackRock’s iShares Bitcoin Trust (IBIT) has quickly become one of the most profitable ETFs of any type, with holdings now totaling 700,000 BTC.
Meanwhile, newly approved Ethereum ETFs have already gathered around $4.5 billion in assets under management.
