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Solana spot ETFs see $115M inflows in May, led by Bitwise's $80M, while Bitcoin and Ethereum ETFs face outflows.

Market News
01 Jun 2026
Crypto Briefing
View Source
Bullish
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In May 2026, Solana spot ETFs attracted $115.34 million in net inflows, with Bitwise's BSOL staking ETF accounting for about $80 million of that total. This marked the best month for Solana ETFs in 2026, with no days of net outflows throughout May. Meanwhile, Bitcoin and Ethereum spot ETFs experienced significant outflows, indicating a selective institutional rotation rather than a broad crypto sell-off. The growing maturity of the Solana ecosystem and upcoming network upgrades contribute to investor optimism. Bitwise holds an 81% market share in the US Solana spot ETF category, benefiting from first-mover advantages and staking yields, which Bitcoin ETFs cannot offer. However, this concentration poses risks if Bitwise faces operational or regulatory issues.

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