ETF flows

Bitwise ETF clients purchase $9.65M in Solana tokens as BSOL dominates US spot fund category

0Importance
closedStatus
2News media
2Pieces
Published
In
Solana
Also mentions
XRP

Solana spot ETF activity was reported to outpace XRP fund flows on September 28, and Bitwise’s SOL-linked ETF clients were reported buying $9.65 million in Solana tokens. Both items point to continued spot-fund activity around SOL on that date, with one report highlighting fund inflows and the other detailing client purchases tied to BSOL.

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Key claims & sources

✓
Bitwise ETF clients bought $9.65 million of Solana tokens through BSOL.
Bitwise ETF clients purchase $9.65M in Solana tokens as BSOL dominates US spot…
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BSOL was described as dominating the U.S. spot fund category for Solana.
Bitwise ETF clients purchase $9.65M in Solana tokens as BSOL dominates US spot…
✓
On September 28, Solana spot ETFs took in $12.70 million, while XRP funds took in $3.96 million the same day.
Solana (SOL) ETF Beats XRP in Unexpected 300% Way
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The Solana ETF total was described as more than triple the XRP fund total on September 28.
Solana (SOL) ETF Beats XRP in Unexpected 300% Way

What it means

What changes in practice is the balance of reported activity among these spot products: BSOL is described as dominating the U.S. spot fund category for Solana, while the other report says Solana spot ETFs brought in more than XRP funds on the same day. What stays the same is that both items still describe spot-fund trading and purchases rather than anything outside those products.

Still unknown is how broad the buying was beyond the figures given here, since one report only states a total for Solana spot ETFs and the other only gives a BSOL client purchase amount. It is also not known from these items alone whether the two figures refer to the same set of investors or separate pools of activity.

Market reaction i

SolanaSOL the event is about this asset
first headline
+1.1% 2 h before
+0.3% 4 h after
$118.99price at publication
12data points

The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Sep 29 06:50
+5 h 10 m
Sep 29 12:00
U.Today adds
Adds $12.7M and $4M; brings into the story: SOL, XRP

Has this happened before?

WhenWhat happenedFigure
41 days ago U.S. Spot Solana ETFs Draw $86.67 Million in Daily Net Inflows event 2 actors in common · 4 news media
39 days ago XRP Spot ETFs Draw $75.59 Million in Weekly Net Inflows event 1 actors in common · 4 news media
40 days ago DOGE Rally Brewing? Whales Load Up as Dogecoin ETFs Post Record Inflows event 1 actors in common · 3 news media
41 days ago Bitcoin ETFs turn positive for 2026 with $2.4 billion weekly inflow, their largest since October event 1 actors in common · 11 news media
41 days ago Bitcoin ETFs draw $2.39 billion in a week of inflows event 1 actors in common · 3 news media