Solana ETFs post five-day zero-flow streak as altcoin demand cools

Six US-listed Solana ETFs recorded zero net flows for five straight sessions through Aug. 4, with cumulative inflows of $1.122 billion masking a post-launch demand pause.

Farside Investors, which tracks daily fund flows, showed 0.0 for BSOL, VSOL, FSOL, TSOL, SOEZ, and GSOL across the five sessions from July 29 through Aug. 4.

Seed capital accounts for $449.3 million, about 40 percent of the cumulative total, while $102.7 million of Grayscale's GSOL seed represents a conversion from an earlier product. The pause followed an $18.1 million outflow from Bitwise's BSOL on July 28.

The drought contrasts with Bitcoin and Ethereum ETFs, which drew $211.5 million and $53.1 million respectively on Aug. 4, showing institutional capital concentrating in the largest assets while altcoin products normalize after launch enthusiasm faded.

The Solana pause was not uniform across altcoin spot ETFs. XRP products extended a four-day inflow streak, drawing $1.15 million in net inflows on the latest session, driven entirely by Canary's XRPC. Cumulative XRP ETF inflows stand at $1.516 billion, with total net assets of $1.007 billion, about 1.50 percent of XRP's market capitalization.

Hyperliquid spot ETFs, by contrast, posted a second straight day of outflows, with $964,319 in net redemptions concentrated in Grayscale's HYPG product. Even after the two-day pullback, cumulative HYPE inflows remain sizable at $280.66 million, with net assets of $253.23 million, roughly 2.11 percent of HYPE's market cap.

Other altcoin segments stayed flat. Dogecoin ETFs logged a ninth consecutive session of zero flows, Chainlink a sixth, and Avalanche a 36th. Canary's Hedera vehicle was flat for a third session, Canary's Litecoin product for a ninth, 21Shares' Polkadot fund for a 38th, and VanEck's BNB ETF for a 35th.

The flow picture points to selective demand rather than broad-based accumulation across altcoin spot ETFs. XRP's steady additions suggest persistent allocator interest, while the isolated HYPE redemptions show how quickly sentiment can shift in newer, higher-beta exposures when risk appetite cools. Whether Solana creations resume in coming sessions will determine if the pause is a normalization or the start of a longer demand drought.

This article is for informational purposes only and does not constitute investment advice.