Solana ETFs Draw $369 Million as Investors Shift Toward Yield Generating Assets
Solana exchange-traded funds attracted $369 million in net inflows between November 3 and November 24. According to Cointelegraph, this trend reversed the pattern seen in Bitcoin and Ethereum products. Bitcoin ETFs recorded $3.7 billion in net redemptions during the same period. Ethereum ETFs lost $1.64 billion in outflows.
Bohdan Opryshko, co-founder and COO of Everstake, told Cointelegraph that investors treat Solana as a yield-generating asset rather than speculative trade. Solana offers native staking rewards between 5 percent and 7 percent annually. Bitcoin ETFs cannot match this yield profile. Only limited Ethereum products currently offer comparable returns.
The network's total staked supply increased from 350 million to 407 million SOL this year. Retail delegators grew from 191,179 to 194,157 between October 30 and November 24. According to Coinbase data, 67 percent of all circulating SOL is now staked. Trezor users alone staked over 1 million SOL through Everstake during November.
Why Yield Based Products Matter Now
The shift toward yield-bearing crypto products reflects changing investor priorities in 2025. Traditional fixed income yields remain compressed across most asset classes. Solana's 5 to 7 percent staking return exceeds many conventional investment options. This creates appeal for both institutional and retail investors seeking passive income.
The Block reports that Solana ETFs extended their inflow streak to 20 consecutive days by November 25. Total cumulative inflows reached $568 million since launch on October 28. Bitwise's BSOL led with $39.5 million in single-day inflows on November 24. The six funds hold total net assets of $843.81 million.
Recent IRS guidance removed tax barriers for crypto staking in regulated products. According to CoinDesk, the November 10 announcement allows trusts to stake digital assets without compromising tax status. Bill Hughes, senior counsel at Consensys, stated this removes a major legal barrier. Fund sponsors can now integrate staking yield into regulated investment products. This development increases investor benefits and supports network decentralization.
Broader Industry Transformation
The crypto investment landscape appears to be splitting into two categories after ETF approvals. Opryshko described this as speculative assets traded for appreciation versus productive assets staked for income. Staking yield has become a primary driver of allocation for growing market segments. This represents a fundamental shift in how investors approach digital asset exposure.
We reported in August that Fidelity and BlackRock led Bitcoin ETF recovery after a week of mass redemptions. President Trump's executive order allowing 401(k) retirement savings in cryptocurrencies added regulatory momentum. Traditional financial institutions increasingly view Bitcoin as permanent portfolio component. The pattern now extends to yield-generating proof-of-stake assets like Solana.
Sebastien Gilquin, head of business development at Trezor, noted that institutions gravitate toward productive assets as traditional yields tighten. Solana established one of the strongest staking profiles among major proof-of-stake blockchains. Data shows retail delegators becoming more long-term oriented throughout 2025. Delegation lifetimes increased steadily even amid volatility.
The concentration of ETF success in yield-bearing products may accelerate regulatory approval for other cryptocurrency ETF products. Solana-based ETFs attracted over $420 million in their debut week. This appetite for liquid products providing native staking returns demonstrates market demand. The development creates parallel liquidity pools operating within existing financial market infrastructure.
