Solana ETFs See Record Inflows as Altcoin Deposits Surge in January

TLDR

• Solana ETFs experienced a surge of $6.7 million in inflows, bringing the total assets under management to $689.8 million.
• Despite a 5.6% drop in SOL’s price over the past month, Solana ETFs have attracted strong investor interest.
• The Solana ETF category includes funds like Bitwise Solana Staking ETF and VanEck Solana ETF, all seeing notable growth.
• Solana ETFs have proven less reactive to short-term market fluctuations compared to Bitcoin and Ethereum ETFs.
• Altcoin deposits surged to their highest levels in months, with platforms like Binance and Coinbase seeing significant inflows.

Solana ETFs have recently seen a surge in inflows, indicating positive investor interest despite Solana’s struggles in the market. The Solana funds reported a $6.7 million increase in assets, bringing the total assets under management to $689.8 million. This spike contrasts with the ongoing price downturn of Solana’s native token, SOL, which has lost 5.6% over the last month.

Solana ETFs Show Resilient Growth Despite Market Challenges

The Solana ETF category, which includes several funds like the Bitwise Solana Staking ETF (BSOL) and the VanEck Solana ETF (VSOL), has managed to draw attention with strong flows. These funds saw a collective influx of $17 million, showing resilience in an otherwise turbulent market. Solana’s ETFs have been less sensitive to market volatility, a key difference when compared to the more reactive Bitcoin and Ethereum funds.

Despite the drop in SOL’s price, the Solana ETFs’ robust inflows suggest that investors are holding a long-term view on the asset. This trend highlights how allocators in newer crypto funds, such as Solana ETFs, are often less influenced by short-term fluctuations. Funds that began trading in the U.S. in late 2025, such as the Grayscale Solana Staking ETF (GSOL) and the 21Shares Solana ETF (TSOL), have continued to attract capital despite the price struggles.

Surging Altcoin Deposits Add to Market Optimism

The altcoin market has also been seeing increased participation. Chainlink (LINK), Shiba Inu (SHIB), and Axie Infinity (AXS) have all seen significant deposits, with Binance and Coinbase leading the way. This surge in altcoin activity is a clear indication that market participants remain optimistic despite recent price volatility in early 2026.

Data from CryptoQuant reveals that January witnessed the highest altcoin deposits in months. The trend has extended beyond Solana ETFs, with platforms like Crypto.com and Bitget also experiencing higher altcoin inflows. According to Julio Moreno, Head of Research at CryptoQuant, the growing transaction volumes suggest strong network activity despite price uncertainty.

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