Solana ETFs Surge Amid Market Turbulence, Outshining BTC and ETH
By John Nada·Jan 29, 2026·2 min read
Solana ETFs have gained $6.7 million, totaling $689.8 million in assets, while BTC and ETH face significant outflows. This shows investor resilience amid market volatility.
Solana ETFs have shown resilience in a turbulent market, gaining $6.7 million and bringing total assets under management to $689.8 million, according to Decrypt. While Bitcoin (BTC) and Ethereum (ETH) funds faced a staggering $1.6 billion in outflows last week, Solana funds managed to pull in $17 million, indicating a strong interest in this altcoin amidst broader market struggles.
Despite the positive inflows, SOL's price dropped 3.6% to $122.68, reflecting the ongoing volatility. This decline follows a 5.6% decrease over the past month, highlighting the challenges Solana faces in gaining upward momentum. SOL funds began trading in the U.S. in late 2025, and it appears that investors in Solana ETFs are less reactive to geopolitical and macroeconomic pressures than their Bitcoin and Ethereum counterparts.
According to Coinshares, with two trading days left in the week, SOL funds have already seen net deposits exceeding $11 million. This contrasts sharply with the performance of BTC and ETH, which have been experiencing significant outflows. The report noted that investors seem to be favoring long-term positions in Solana, even as the price action remains inconsistent.
Interestingly, altcoin deposits have surged across various platforms, with Binance and Coinbase leading the way. CryptoQuant's Head of Research, Julio Moreno, reported that assets like Chainlink (LINK), Shiba Inu (SHIB), Axie Infinity (AXS), Aave (AAVE), and Uniswap (UNI) have seen increased transaction inflow counts in January. This uptick suggests that despite the fluctuating prices, overall participation in the crypto market remains robust.
Further complicating matters, users' confidence in SOL's potential to outperform silver has waned, with sentiment shifting toward silver having a 55% chance of hitting $150 before SOL. This comes as silver prices surged 23.8% in one week, reaching $120.35 per ounce, while users initially felt optimistic about Solana's prospects earlier in the week.
The current landscape indicates that while Solana ETFs are performing well amidst the chaos, the broader market dynamics are challenging. Traders are clearly weighing their options, with some seeing altcoins as a safer bet for investment amid the volatility affecting larger cryptocurrencies.
In conclusion, Solana's ability to attract investment despite its price struggles and the broader market downturn reflects a shifting sentiment. The resilience of Solana ETFs in attracting inflows suggests that dedicated investors are looking beyond immediate price fluctuations, which may bode well for long-term recovery in the altcoin space.