Overview
- U.S. Solana ETFs posted an eleventh straight day of net creations on Nov. 11, adding about $7.9 million and lifting cumulative inflows since Oct. 28 to roughly $350 million.
- Exchange-listed options are now trading on both Bitwise’s BSOL and Grayscale’s GSOL following Nov. 11 launches confirmed by the issuers.
- Bitwise’s BSOL has captured the vast majority of flows and leads the category with roughly $497 million in assets under management, according to recent fund data.
- Derivatives activity tied to Solana has jumped, with options volume up about 52% and options open interest up roughly 29% in recent readings.
- Despite steady ETF buying, SOL fell from around $195 to near $145 and now trades in the mid-$150s to high-$160s, highlighting a divergence between flows and price.