Solana spot-traded funds (ETFs) saw an increase of $220 million in trading volume. Here’s what this might mean for inheritance.
Volume of the Solana Spot ETF has increased
In a new information post on its website, on-chain analytics company Santiment discussed what spikes in ETF trading mean for Bitcoin and Solana. Spot ETFs refer to investment vehicles that allow traders to gain indirect exposure to an underlying asset. In the context of cryptocurrencies, they allow investors an offline access to digital assets that do not require them to deal with exchanges and wallets; the fund buys and stores tokens on their behalf.
The US Securities and Exchange Commission (SEC) approved the first Bitcoin ETF back in January 2024. Ethereum funds received the green light in July of that year, while Solana received its approval in October 2025. So, while BTC and ETH spot ETFs have been around for a long time now, SOL products are new. As the chart shared by Santiment shows, SOL spot ETFs saw an explosion in trading volume during the launch of the initial hype.
The data for the SOL ETF USD volume | Source: Santiment
The volume of Solana’s ETF rose to $122 million on October 28th, but the excitement quickly faded as the metric dropped sharply soon after. This record was not broken for the rest of the year, but six days into 2026, SOL ETFs finally saw activity surpassing that of the launch period.
From the chart, it can be seen that SOL volume reached $220 million on January 6, much higher than the increase on October 28. The rise of cryptocurrency investment vehicles has come as its price has enjoyed a rally, and Morgan Stanley has applied for Solana and its first Bitcoin ETFs.
As for what the increase in volume could mean for the asset, it’s hard to tell from the SOL ETF data alone, as they are still quite young. The Bitcoin ETF, on the other hand, has been around for two years, so some interpretations can be made from their data.
How the volume associated with BTC ETFs has changed over their history | Source: Santiment
As the analytics firm highlighted in the chart, Bitcoin has seen two types of ETF volume increases: a healthy, sustained increase that supports price movements, and a sudden increase that marks a local reversal.
Solana’s recent spike may be of the latter type, but since its local ETFs still have a small sample size, the pattern it holds remains uncertain. A sharp burst may be mysterious, or it may be the beginning of a new normal (which, if it is, would put a spike in the previous phase).
The price of SOL
At the time of writing, Solana is trading at around $138, up more than 9% over the past week.
Looks like the price of the coin has been going up recently | Source: SOLUSDT on TradingView
Featured image from Dall-E, Santiment.net, chart from TradingView.com
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