Spot Solana exchange-traded funds brought in $10.26 million in the week ending August 14, a sharp jump from roughly $144,930 the previous week, according to SoSoValue data cited in the source report. The weekly result was about 70 times larger than the prior period and marked the strongest showing for the category since May 22.

The rebound, however, was highly concentrated. Nearly all of the week’s inflows came from just two products over two trading sessions, while other Solana ETF issuers recorded no net flows.

Bitwise and Morgan Stanley drove the entire move

Bitwise’s Solana ETF, trading under the ticker BSOL, led the week with $8.8 million in inflows on August 10. The source report said that was the fund’s largest single-day intake since May 12 and represented the bulk of all money added to Solana ETFs during the week.

Morgan Stanley’s Solana Trust, MSOL, followed with $1.43 million in inflows on August 11. Taken together, the two funds accounted for virtually the full $10.26 million added across Solana ETFs for the week ending August 14.

Other issuers named in the report, including VanEck, Fidelity, 21Shares, Franklin Templeton, and Grayscale, posted zero net flows for the period. That left the apparent recovery in demand narrowly concentrated rather than broad-based across the full Solana ETF lineup.

Seven-week inflow streak continues

The latest week extended Solana ETFs’ run of positive flows to seven consecutive weeks. Over that stretch, the products have attracted a combined $28.05 million in net inflows, according to the figures in the source article.

By the end of the week, Solana ETF net assets stood at $893.5 million. Since launch, cumulative inflows for the group had reached $1.16 billion.

Even with the improvement in fund flows, SOL itself did not show a strong price response in the source report. At press time, the token was down 1.18% and trading around $75.51.

Turnover softened despite the inflow jump

While net inflows improved markedly, trading activity moved in the opposite direction. Combined weekly turnover across Solana ETFs declined to $159.7 million from $167.3 million a week earlier.

That drop suggested more restrained trading interest even as fresh capital entered the products. In other words, the headline inflow number improved, but overall market activity around Solana ETFs did not strengthen at the same pace.

Broader crypto ETF market showed mixed demand

The wider digital-asset ETF market was mixed over the same period. Bitcoin ETFs recorded $389.7 million in net outflows after taking in $853.5 million the previous week, while turnover in Bitcoin funds fell to $6.94 billion, the lowest level since September 2024.

Ethereum products were close to flat, posting a $2.26 million loss after $244.9 million of inflows in the prior week. Among smaller categories, XRP ETFs added $2.25 million for a fifth straight positive week, and Hyperliquid-linked products drew $2.74 million.

For Solana, the next near-term catalyst identified in the source report is the Agave v4.2 upgrade, which is set for mainnet activation in the week of August 17. The report said continued ETF flows may depend on how the market responds to that upgrade.

Source: beincrypto.com