Wow, it seems that Solana ETFs are showing signs of life again. Even with the SOL token struggling to find a path upwards, the funds linked to it just pulled in about US$ 6.7 million, increasing the pool of assets under management to nearly US$ 690 million, according to data from Farside Investors.
On the list, there are ETFs from Bitwise (BSOL), VanEck (VSOL), Fidelity (FSOL), 21Shares (TSOL), Franklin (SOEZ), and Grayscale (GSOL).
These ETF flows do not always follow the spot price, especially in the newer crypto funds. Investors tend to think long-term and are not as shaken by the short-term roller coaster. The SOL funds started operating in the US back in October 2025.
Now, this Thursday, Solana is going along with the overall decline of the crypto market: it dropped 6.9% in the last 24 hours, being traded at $122.70, according to CoinGecko. In the month, it has already lost about 5.6%.
But the investors in Solana ETFs are showing more calm than the people in Bitcoin and Ethereum. While these two saw an outflow of $1.6 billion last week, those in Solana pulled $17 million, according to a report from Coinshares. And keep in mind that there are still two business days left to close the week, but SOL funds have already received over $11 million in net deposits, according to Farside.
Altcoins showing strength
And it's not just SOL that is holding strong. Julio Moreno from CryptoQuant said that deposits in altcoins surged to the highest level in months, with Binance and Coinbase leading the way.
Among the most traded assets in January are Chainlink (LINK), Shiba Inu (SHIB), Axie Infinity (AXS), Aave (AAVE), and Uniswap (UNI). He also mentioned that Crypto.com and Bitget also saw a large increase in altcoin deposits.
“In the end, this strong movement shows that, even with prices being a bit crazy at the beginning of 2026, suddenly dropping and rising, the participation of the network and exchanges remains strong,” Moreno concluded.