August 27, 17:50
Morgan Stanley leads $9.1 million Solana ETF inflows as SOL tops $100
Morgan Stanley leads Solana ETF $9 million inflows as SOL jumps rises above $100
CryptoSlate

U.S. Solana ETFs attracted about $9.1 million in net inflows on Aug. 26. Morgan Stanley's MSOL led with roughly $5.5 million. MSOL accounted for about 60% of Wednesday's total. Bitwise's BSOL attracted $2.6 million. VanEck's VSOL took in about $1 million. The latest inflow extended a strong run for Solana-focused funds. The daily pace cooled from two larger sessions. The funds attracted more than $65 million across Aug. 24 and 25. The funds recorded a $33.5 million single-day inflow during that period, their largest of the year. Trading activity also increased. Bitwise President Teddy Fusaro said BSOL recorded the highest-volume session for any Solana ETF on Aug. 24. BSOL traded more than $108 million that day. BSOL traded more than $261 million across four sessions. Total Solana ETF trading volume reached about $166.8 million on Aug. 24, a record. Solana ETFs have drawn roughly $74.8 million this week, including Wednesday's inflow. That amount would represent their strongest weekly performance of 2026. It would also be their best performance since the week ending Nov. 28, 2025. August inflows have reached about $113 million. The funds recorded one daily net outflow this month, on Aug. 6. The August total is just below May's roughly $115 million. May is currently the strongest month of the year. Solana ETFs have attracted about $1.26 billion in cumulative net inflows since launch. The funds manage roughly the same amount in assets. SOL reclaimed $100 for the first time since February. CryptoSlate data showed SOL climbed as high as about $105 during the last 24 hours. That was its strongest price level since January. SOL's market capitalization rose above $60 billion. SOL gained roughly 43% in August. The broader crypto market rallied after changes to U.S. Treasury bond buyback policy eased pressure on longer-term yields. Bitcoin subsequently climbed above $81,000. Ethereum moved past $2,500. Analysts issued increasingly bullish forecasts for Solana. The analysts pointed to stronger activity across the network as a potential source of support. The blockchain recently recorded about 5 million daily active addresses. This activity added to expectations that SOL could continue recovering toward levels last seen before its prolonged decline.
This content is an AI-generated summary/analysis for informational purposes only and does not constitute investment advice.