The crypto market is an ever-evolving space for investments. The institutions and retail investors continue to show interest in assets like Solana. As per the data from SoSoValue, U.S. Solana spot ETFs witnessed a total net inflow of $1.87 million yesterday. The daily total net inflow for the asset reflects the supply and demand of the ETF and investor sentiment. This modest but positive movement appears amid a broader market recovery, pointing out Solana’s resilience and appeal in a competitive crypto ETF space. As Solana’s price continues to maintain its upward momentum, these inflows could signal positive investor sentiment toward the high-speed blockchain platform.
Breaking Down the Data
One standout performer primarily drove yesterday’s inflows, while another saw outflows, revealing a complex picture of investor behavior.
- Fidelity SOL ETF (FSOL): The fund achieved positive net inflows through its single-day acquisition of $2.99 million. The total net inflow to Fidelity now stands at $150.68 million, which demonstrates the company’s strong market position.
- Grayscale SOL ETF (GSOL): According to the data from Sosovalue, the fund recorded daily net outflows of $1.12 million; however, it has maintained total net inflows of $119 million since its launch. The total value traded for the ticker now stands at $9.69 million.
As a whole, the total net asset value (NAV) of Solana spot ETFs stood at $1.08 billion as of January 28, 2026. The value represents 1.50%
of SOL Market Cap. The historical cumulative net inflow for these ETFs has now reached $878 million, reflecting sustained interest since their launch. To put the situation in context, Solana’s price performance on January 27 showed gains, closing around $124.20 after opening near that level, up from the previous day’s close of approximately $118.89. This roughly 4.5% daily increase may have encouraged inflows, as investors capitalized on perceived value amid broader market fluctuations.
The reason behind the inflows
Several factors likely contributed to the net inflows, particularly into Fidelity’s FSOL ETF, while Grayscale faced outflows. Here’s a closer look:
- Fidelity has become the leading provider of crypto exchange-traded funds since it offers customers affordable trading services with a fee of 0.25% and brings in additional profits through its staking rewards program. Through its investment strategy, Fidelity offers institutional investors a trusted path to gain access to Solana’s complete ecosystem, which operates beyond its market offerings. The FSOL fund receives investment during market fluctuations since investors are aware of the ecosystem’s capacity to create growth opportunities in developing markets and its real-world usage in decentralized finance and non-fungible tokens.
- The investor sentiment is shifting from the top assets like Bitcoin and Ethereum to the layer 1 chains like Solana and has marked positive net inflows through its exchange-traded funds. The on-chain metrics of Solana demonstrate its network activity through increasing stablecoin inflows, which recently reached $1.3 billion, and DEX volume, which exceeds the trading volume of Binance. The relative trends signal that investors may be betting on Solana’s scalability advantages over competitors like Ethereum, especially as it nears key support levels that could trigger a rally.
Grayscale experiences outflows because investors shift their capital toward more favorable investment options, which initiated some profit booking. The overall trend of ETF flows points out that institutional investors are now preferring Solana. For the same, the total net assets have reached over $1 billion while maintaining a steady flow of investor capital.
Ripple Effects on Solana and the Crypto Market
These inflows, despite being slight in amount, pose substantial consequences for Solana and the overall cryptocurrency ecosystem:
- On Solana’s Price and Ecosystem: Positive ETF flows often correlate with price rebounds, as seen in Solana’s 1% recovery recently amid inflows. With Solana ETFs outpacing Bitcoin and Ethereum in inflows at times, from the technical perspective, such demand could support SOL’s price to reach the next resistance zones close to $145 or even $197 in bullish scenarios.
- On the Crypto Market: The ETF inflows illustrate that investors now move their funds away from traditional leaders, which include Bitcoin and Ethereum. The two cryptocurrencies experienced over $1 billion in recent outflows. Investors now direct their capital toward alternative large-cap assets, which include Solana. The trend shows that the crypto has now reached a mature stage. The market expects more exchange-traded funds to launch because altcoins such as XRP received investment inflows, which will establish a fairer distribution of digital assets in the market. The short-term market increases will face restrictions because major funds continue to experience outflows, which will respond to economic factors such as interest rate changes.
The total net assets of Solana, amounting to $1.1 billion, will provide the funds with sufficient resources to establish themselves as a base for traditional stock-like market investments that institutional investors seek to access. The current adoption trend will result in reduced asset volatility because it enhances regulatory understanding, which creates market confidence.
