Solana ETF Inflows Hit 2-Week High as July Rebound Gathers Pace

U.S. spot Solana ETFs recorded $5.83 million in net inflows on July 21, marking their highest daily inflows in 14 days. Bitwise’s Solana Staking ETF ($BSOL) accounted for all $5.83 million in net inflows during the session, while the other U.S. spot Solana ETFs recorded no net flows.

The latest figures extend a July recovery after Solana ETFs posted their first negative month in June. The funds recorded $786,580 in net outflows that month, ending their previous run of positive monthly flows.

July has reversed that trend so far. U.S. spot Solana ETFs have attracted $13.07 million in net inflows so far this month, bringing cumulative historical net inflows to $1.146 billion.

Grayscale Plans Regular Cash Payouts From SOL Staking Rewards

Grayscale is also preparing to change how investors receive staking rewards from its Solana and Ethereum exchange-traded products. In Form 8-K filings with the U.S. Securities and Exchange Commission, Grayscale said it plans to amend the trust agreements governing the Grayscale Solana Staking ETF ($GSOL) and Grayscale Ethereum Staking ETF ($ETHE) around August 7.

Under the proposed framework, each trust would convert staking rewards into cash at least quarterly and distribute the net proceeds to shareholders. This structure would give traditional investors access to staking yield without requiring them to hold crypto directly, select validators, or manage staking operations.

Grayscale cautioned that payout amounts will vary based on staking rewards, network conditions, assets staked, and trust expenses. The trusts may also deduct certain costs, including portions of staking rewards paid to the sponsor for facilitating staking activities.

Grayscale enabled staking for its $ETH and $SOL products on October 6, 2025, becoming the first U.S. crypto fund issuer to add staking to spot crypto ETPs. It made its first $ETHE staking distribution on January 5, paying approximately $0.08 per share.

As of July 21, $GSOL reports gross staking rewards of 6.10%, compared with 2.69% for $ETHE. $GSOL currently holds $102.2 million in net assets, while ETHE held $1.22 billion.

Grayscale said the amendments aim to maintain compliance with IRS rules that allow the funds to earn staking rewards without losing their current tax treatment. It has given shareholders 20 days’ notice and plans to provide additional details after the changes take effect.

T. Rowe Price Adds $SOL to Active Multi-Token ETF

Institutional access to Solana is also expanding beyond single-asset ETFs. T. Rowe Price, which manages $1.89 trillion in assets, launched the T. Rowe Price Active Crypto ETF ($TKNZ) on NYSE Arca on July 16. The firm describes $TKNZ as the industry’s first actively managed multi-token spot exchange-traded product.

The fund can invest across an eligible universe that includes Bitcoin, Ethereum, $BNB, $XRP, Solana, Hyperliquid, and other crypto assets. Unlike single-token or passively managed products, $TKNZ uses active management to adjust exposure around market trends, momentum, and rotations between crypto assets.

$TKNZ carries a 0.75% management fee after a fee waiver effective through May 31, 2027.The launch expands T. Rowe Price’s active exchange-traded lineup to 34 products and marks its first offering focused on digital assets.

As Solana and other networks deepen regulatory engagement and expand real-world asset infrastructure, their growing presence in regulated investment products could provide another route for institutional capital to gain exposure.

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