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Bitwise’s Solana ETF Sees First Outflow as Fidelity Buy Keeps Flows Positive

A $38.5 million injection into Fidelity’s FSOL offset a $4.6 million redemption at Bitwise, preserving net inflows for the new Solana funds.

Overview

  • Bitwise recorded its first daily net outflow on Dec. 15 at about $4.6 million, selling roughly 36,800 SOL on its lowest trading volume since launch.
  • Category flows for U.S. spot Solana ETFs were still positive by roughly $35 million that day, led by Fidelity’s strongest single-day intake since launch at $38.5 million.
  • Cumulative net inflows across Solana ETFs now sit near $711 million, signaling continued investor demand despite a broader crypto pullback and thinner year-end liquidity.
  • Since late October, the cohort has gathered approximately $907 million to $1 billion in assets, with Bitwise leading by about $604 million to $609 million in net inflows.
  • Bitwise’s fund stakes its full SOL holdings on-chain through Bitwise Onchain Solutions with Helius infrastructure, reinvesting rewards to increase SOL backing per share.