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Grayscale buys $20M of Solana, showing strong demand for its new Solana ETF.

Market News
13 Oct 2026, 15:36 WIB
UToday
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Bullish
Grayscale buys $20M of Solana, showing strong demand for its new Solana ETF.

Grayscale has purchased about $20.2 million worth of Solana through its recently launched Solana ETF (GSOL) over the past 20 days, indicating sustained investor interest. Unlike VanEck's Solana ETF, which saw outflows amid market volatility, Grayscale's fund has mostly seen inflows, highlighting its growing institutional appeal. This strong demand positions Grayscale as a key player in the Solana ETF market, signaling renewed confidence in Solana-based investment products.

Grayscale's recent $20.2 million purchase of Solana highlights ongoing institutional interest in the cryptocurrency. On Pluang, Solana trades at Rp1.906.795 with a 1-day change of -3.25% as of Oct 13, 2026 20:03 WIB. The market cap stands at Rp1.123,75 trillion, and trading volume over 24 hours is Rp73,05 trillion, with buyers making up 68% of order activity and a typical hold time of 71 days.

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