Solana ETF Five in a Row: Funding Concerns with the Accumulated Amount of $1.1 billion

According to Woofun AI, all six US ETFs that track Solana have stagnated in capital inflows and recorded zero net inflows for five consecutive days.

The key variable triggering this stagnation is the outflow of capital from Bitwise's BSOL (BSOL.US) products. Since there was a net outflow of $18.1 million from this single product on July 28, the primary market capital inflow for the entire sector temporarily stopped. According to data compiled by Woofun AI, in the five trading days up to August 4, this outflow effect completely reduced the overall net inflow to zero.

Judging from the cumulative restructuring, as of August 4, the cumulative net capital inflow for these six products was US$1,122 million. Of this, US$449.3 million was the initial investment, accounting for about 40%, indicating that only part of the cumulative value represents subsequent net flows.

Furthermore, Farside viewed the initial capital of $102.7 million in the GSOL (GSOL.US) product as being converted from an earlier product, further diluting the true incremental scale.

Currently, capital inflows into the primary market for six products have been stagnating for five consecutive trading days. To determine future trends in long-term capital requirements, it is still necessary to closely monitor subsequent new issuance, redemption, transaction and asset status data to clarify the true relationship between short-term fluctuations and long-term demand.