As the crypto market transitions into a new year, the Solana Spot ETF sector has showcased significant growth, with total assets reaching an impressive $950 million. This development follows a reported daily net inflow of $2.29 million on December 31, primarily driven by BSOL (Bitwise), which accounted for the entirety of the daily inflow.
The cumulative inflows for the Solana Spot ETFs now stand at $766.20 million, indicating a robust interest in this segment. On that day, BSOL contributed 18.48K SOL, with its net assets totaling $640.68 million and a market price of $16.40, reflecting a slight increase of 0.18%. The trading volume for BSOL reached $25.25 million, with 1.53 million shares exchanged, and it charges a management fee of 0.20%.
Conversely, other ETFs like GSOL (Grayscale) and FSOL (Fidelity) reported no daily inflows. GSOL maintains net assets of $160.42 million, with a stable price of $9.10, while FSOL holds $113.28 million, priced at $14.59. Both have not seen changes in their asset levels, and their respective fees are 0.35% for GSOL and 0.25% for FSOL.
Interestingly, VSOL (VanEck) saw no inflow but experienced a price gain of 0.25%, closing at $16.17, while its total net assets reached $23.38 million. The ETF traded $976.38K on that day. On the other hand, TSOL (21Shares) remains the outlier with a cumulative net outflow of $101.26 million, despite a price increase to $12.48, showing a 0.19% rise.
Other ETFs such as SOEZ, QSOL, and SOLC reported no inflows but ended the year positively, with price increases ranging from 0.15% to 0.29%. These funds collectively represent a smaller market exposure, with net assets remaining below $10 million.
As the Solana Spot ETF landscape evolves, this growth signals a continued interest in digital assets, positioning Solana as a significant player in the cryptocurrency realm.
