In a remarkable turn of events for the cryptocurrency market, Solana spot exchange-traded funds (ETFs) saw net inflows of over $70 million on November 3, 2025, even as the SOL token experienced a significant price dip. This unexpected surge highlights growing investor confidence in Solana’s ecosystem amidst broader market uncertainty.
Solana ETFs Hit Record Highs Amid Crypto Slump
November 3 marked a pivotal day for Solana ETFs, as net inflows hit a record-breaking $70 million—an impressive achievement given the token’s concurrent price declines. While major cryptocurrencies like Bitcoin and Ethereum faced significant outflows, with $187 million and $136 million withdrawn respectively, Solana managed to buck the trend.
On-chain data reveals that the SOL token dropped to $166 on November 3 and further declined to $155 by November 4. This decrease was accompanied by a staggering liquidation of $177 million in long positions on Solana’s DeFi protocols, with centralized exchanges reporting an additional $153 million liquidated positions. Macro factors such as rising interest rates may have contributed to the bearish market sentiment.
Bitwise and Grayscale Lead the Solana ETF Boom
Interestingly, a significant portion of Solana ETF inflows came from Bitwise’s BSOL ETF, which accounted for $66.5 million of the total $70 million. Grayscale’s GSOL ETF contributed $4.9 million to the tally. Cumulatively, U.S.-based Solana spot ETFs have now amassed over $269.2 million in net inflows and own more than $513 million in net assets.
This influx of capital underscores the maturing investor base around Solana. Unlike short-term speculators, these investors appear to focus on the ecosystem’s long-term potential rather than recent price fluctuations. As of November 4, 2025, SOL is trading at approximately $161, down 8% in the last 24 hours.
What’s Next for Solana Investors?
While Solana’s recent performance may concern some, the consistent inflows to its ETFs signal robust confidence in its future. Over the last month, SOL has dropped by 30%, retracing earlier gains that saw the token surge from $105 to nearly $250 between April and September 2025. With bulls eyeing a target of $200 but bears threatening a retest of the $100 level, cautious optimism defines the market outlook.
For investors looking to strengthen their portfolios, Solana offers an attractive opportunity, particularly through ETFs like Bitwise’s BSOL. This ETF allows users to gain exposure to Solana’s ecosystem without directly holding the token. Investors can learn more about the Bitwise BSOL ETF.
Conclusion: Solana Shines Amid Volatility
Despite the ongoing price volatility, Solana continues to attract substantial investment. With record-breaking inflows into its ETFs, the ecosystem remains a beacon of long-term potential in an otherwise cautious market. For those willing to think beyond short-term price movements, Solana offers an opportunity to capitalize on its evolving technology and adoption.
