Solana (CRYPTO: SOL) ETFs have seen $1.5 billion in inflows since launch, with Bloomberg ETF analyst Eric Balchunas calling it “defying physics” as SOL tests critical $80 support.
The ‘Defying Physics’ ETF Performance
Solana ETFs launched in the U.S. in July 2025, but SOL has since fallen 57%.
Despite this decline, the funds accumulated $1.5 billion in flows and “not really given any of it up,” Balchunas said Thursday.
Half of the inflows come from institutional investors, which Balchunas called a “serious investor base” and a good sign for the future. ETFs launching into this kind of market downturn usually make getting inflows “near impossible.”
“Most wouldn’t even make it to age one or two if they went down 57% in the first six months,” Balchunas said. “Solana is defying physics here.”