Solana (SOL) Price Attracts $78M in ETF Inflows as Crypto Investment Interest Grows

Solana (SOL) ETFs have pulled in $78 million over the past month, with investors betting on potential spot ETF approval soon.

Solana is having a moment. Three SOL-focused ETFs in the U.S. have quietly raked in $78 million over the past month, showing that investors want more than just bitcoin and ethereum in their crypto portfolios.

The star of the show is the Solana REX-Osprey SOL + Staking ETF (SSK), which launched on July 2 and has already grabbed $41 million in assets, according to Bloomberg Intelligence. Not bad for a fund that's barely a week old.

Meanwhile, Volatility Shares has been doing pretty well too. Their leveraged 2x Solana ETF (SOLT) has brought in $69 million year-to-date, while their regular Solana ETF (SOLZ) is sitting at $23 million.

SOL ETF Performance Shows Growing Appetite

Bloomberg Intelligence's Eric Balchunas put it perfectly on X: "It's all much smaller than btc or eth but lot of green numbers = good." He's right – these numbers pale compared to the big guys, but the consistent inflows tell a story.

With SOL trading at $154.49, investors seem to think there's room to grow. The timing makes sense too, as more people are looking beyond bitcoin ($109,485.10) and ether ($2,713.42) for their crypto exposure.

The inflows suggest investors are positioning themselves for what could be the next big thing in crypto ETFs. While bitcoin and ethereum dominate the space, Solana's fast transactions and growing ecosystem are catching attention.

Spot SOL ETF Approval Could Come Sooner Than Expected

Here's where things get interesting. The SEC might approve a spot Solana ETF faster than anyone thought. CoinDesk reported this week that regulators asked issuers to re-file documents by the end of July – way ahead of the October deadline everyone was expecting.

If approved, SOL would join bitcoin and ether as one of the few cryptos available through spot ETFs. That's a big deal, considering how successful the others have been.

Bitcoin ETFs launched in January and have pulled in nearly $50 billion. BlackRock's iShares Bitcoin Trust (IBIT) alone holds 700,000 BTC and ranks among the top revenue-generating funds of any kind. Ethereum ETFs, approved more recently, have attracted about $4.5 billion so far.

Those are tough numbers to beat, but Solana's unique selling points – speed, low costs, and a thriving developer scene – could make it the next crypto darling for institutional investors.