“Solana exchange-traded funds debuted on Oct. 28 and performed flawlessly with inflows 21 consecutive days until the day before Thanksgiving.”, — write: www.coindesk.com
These spot ETFs recorded a cumulative outflow of $8.10 million on Friday, marking the first time since their inception on Oct. 28, according to data source SoSoValue. Buyers returned on Friday, pumping in over $5 million into the ETFs, a tally that was more than reversed Monday as funds processed redemptions worth $13.55 million.
The pause in demand follows a three-week inflows trend that made SOL ETFs stand out in comparison to their bitcoin and ether counterparts, which bled billions during the November market rout.
Moreover, since their debut on Oct. 28, SOL ETFs have registered net inflows of over $600 million, with Bitwise Solana ETF, BSOL, alone drawing in over $540 million. Grayscale’s GSOL is a distant second, having seen net inflows of nearly $80 million since its debut.
During the same time frame, crypto investors have pulled out over $3 billion and $1 billion from BTC and ETH ETFs, respectively.
The broader outperformance of SOL ETFs is evidence of growing institutional interest beyond BTC and ETH. On Nov. 21, Franklin Templeton officially filed with the SEC for the Solana ETF, citing continued demand for alternative investment vehicles offering exposure to the programmable blockchain’s native token without having to own it.
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch, the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B, while derivatives volume peaked the same month at over $4B.
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The company also plans to sell shares to fund the repurchase of existing debt.
- Bitcoin minder IREN plans to issue as much as $2.3 billion of new convertible notes.
- It also plans to sell equity to fund buybacks of its 2029 and 2030 notes.
- The shares fell 5% on Tuesday, a move likely driven by delta hedging from banks involved in the transaction.
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