As the recent cryptocurrency market rally comes to a halt, activity in the Bitwise Solana ETF (BSOL) has also slowed as the broader Solana ETF ecosystem recorded one of its lowest daily inflows since its inception.
According to data The Bitwise Solana ETF, offered by ETF tracking platform Farside Investors, recorded zero inflows on Friday, November 28th.
This slowdown in daily performance comes after weeks of sustained investor demand pushed BSOL’s cumulative total to a massive $527.9 million, the highest of any existing Solana ETF.
Bitwise continues to lead Solana ETF
Since its release in late October, bit by bit It dominates the Solana ETF ecosystem with heavy daily inflows and always stands out from the crowd.
Since the first day of trading, BSOL has experienced a series of large inflows, including $39.5 million on November 24th and $31 million on November 25th. Therefore, the zero inflow recorded the previous day marks a lull in a long string of strong performance.
The slowdown in inflows follows several days of positive inflows, but this break signals a temporary readjustment rather than a weakening of sentiment.
While other Solana ETFs have largely followed suit, albeit with lower daily performance, Fidelity’s Solana ETF continued its steady climb with $2.4 million in new inflows on November 28, bringing its cumulative total to $32.2 million.
Meanwhile, the Grayscale Solana ETF had another strong performance, adding $4.3 million worth on the same day, bringing cumulative inflows to $77.9 million. Nevertheless, extensive Solana Despite Bitwise’s zero performance, the ETF ecosystem still attracted total inflows of $5.3 million as of November 28th.
