U.S.-listed Solana ETFs have attracted approximately $1.5 billion in net inflows since their launch in July 2025, despite a 57% decline in Solana's price during the same period. According to NS3.AI, Bloomberg ETF analyst Eric Balchunas noted that around half of these inflows were from institutional investors. When adjusted for market size, Solana ETF flows are about twice those of Bitcoin ETFs at a similar stage post-launch. Recently, the Solana ETF complex experienced its first net outflow day in over a month, with approximately $6 million in withdrawals following a $19 million net inflow the day before.