Solana ETFs Garner $369 Million in November as Investors Shift to Yield-Generating Assets

In November, Solana has demonstrated resilience, attracting $369 million in ETF inflows, while Bitcoin and Ethereum ETFs faced significant redemptions. This shift indicates a growing preference among investors for Solana as a yield-generating asset, spurred by its attractive staking rewards.

Key Takeaways

Solana ETFs saw $369 million in inflows in November, distinguishing themselves from Bitcoin and Ethereum ETF redemptions.
Investors are increasingly seeing Solana (SOL) as a yield-generating asset rather than a speculative one.
The total supply of staked SOL reached 407 million, with a consistent increase in retail delegators.
Approximately 67% of circulating SOL is now staked, highlighting Solana's strong position in the market.
Institutions are shifting towards productive assets like Solana as traditional investment returns decline.

Solana ETFs pull $369M in November as investors look to productive yield assets

Investors Flock to Solana ETFs Amid Market Turbulence

Despite significant withdrawals from Bitcoin and Ethereum ETFs, Solana has successfully attracted $369 million in inflows this month. This trend reflects a growing inclination among investors to view SOL as not merely a speculative investment, but as a productive yield-generating asset.

Bohdan Opryshko, co-founder and COO of Everstake, stated that both institutional players and retail investors are treating Solana differently than other more traditional cryptocurrencies. He noted that the staking rewards for Solana, which range from 5% to 7%, are making SOL notably more appealing than Bitcoin ETFs, which do not offer similar returns, with only a few Ethereum-based products providing limited options.

Between November 3 and November 24, Bitcoin ETFs experienced $3.7 billion in net redemptions, while Ether ETFs lost $1.64 billion, according to data from SoSoValue. During the same timeframe, Solana staking ETFs recorded $369 million in fresh inflows. Opryshko referred to this phenomenon as “more than capital rotation,” suggesting a rising preference for yield-generating investments.

Cryptocurrencies, Proof-of-Stake, Solana, Staking, Ethereum ETF, Bitcoin ETF, ETF

A Growing Pool of Staked SOL

Despite the price fluctuations of SOL, which has traded between $100 and $260 this year, the total supply of staked SOL has increased from 350 million to 407 million. The number of retail delegators rose from 191,179 to 194,157 during the period from October 30 to November 24, contributing over 238,000 SOL to staking during the recent downturn.

Interestingly, while whale delegators have reduced their numbers, the overall amount staked has remained consistent. Notably, Trezor users alone staked over 1 million SOL through Everstake during the month. Opryshko pointed out that this trend indicates a split in crypto investing post-ETF approval between speculative assets aimed at price appreciation and productive assets like SOL, which generate income. He emphasized that staking yield is becoming a vital factor in investment decisions for an expanding segment of the market.

Solana's Strong Yield Profile Attracts Attention

According to Coinbase data, 67% of all circulating SOL is staked, reinforcing Solana’s strong position among major proof-of-stake blockchains. Sebastien Gilquin, head of business development and partnerships at Trezor, noted that institutions are increasingly leaning towards productive assets as traditional yields decline.

During its initial week, Solana-based ETFs attracted over $420 million, highlighting a clear demand for liquid products that can still yield native staking returns. Gilquin remarked that retail delegators are tending to adopt a longer-term outlook, with delegation lifetimes steadily increasing throughout 2025, even amidst market volatility.

Related: How to stake Solana (SOL) in 2025: A step-by-step guide for beginners
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