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

Despite steep redemptions from Bitcoin and Ethereum ETFs, Solana attracted $369 million of inflows this month as investors increasingly positioned SOL as a yield-generating asset.

According to Bohdan Opryshko, co-founder and chief operating officer of Everstake, both institutions and retail holders are “treating Solana as a yield-generating asset rather than a speculative trade.”

He told Cointelegraph that Solana’s native staking rewards of 5%–7% have created an appeal that Bitcoin (BTC) ETFs cannot match, and only a limited set of Ethereum products currently offer.

Between Nov. 3 and Nov. 24, Bitcoin ETFs saw $3.7 billion in net redemptions, while Ether (ETH) ETFs lost $1.64 billion, according to SoSoValue. Over the same period, Solana (SOL) staking ETFs drew $369 million in fresh inflows. Opryshko said this was “more than capital rotation,” pointing to a rising preference for yield-bearing exposure.

Solana ETFs have attracted $369 million in inflows this month. Source: SoSoValue

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

407 million SOL now staked

Despite SOL trading between $100 and $260 this year, the network’s total staked supply climbed from 350 million to 407 million SOL. Retail delegators increased from 191,179 to 194,157 between Oct. 30 and Nov. 24, adding over 238,000 SOL during the market downturn.  

Whale delegators consolidated rather than exiting, with counts declining but the total stake remaining steady. Trezor users alone staked over 1 million SOL through Everstake during the month, Opryshko said.

“This suggests crypto investing is bifurcating post-ETF approval: speculative assets (traded for appreciation) vs. productive assets (staked for income),” Opryshko added, claiming that for a growing part of the market, “staking yield has become a primary driver of allocation — not the only one, but increasingly central.”

Related: SOL rebounds alongside wider crypto market bounce: Is $160 possible?

Solana builds strong yield profile

According to data from Coinbase, 67% of all circulating SOL is staked. Mentioning this, Sebastien Gilquin, head of business development and partnerships at Trezor, said Solana “has established one of the strongest staking profiles among major proof-of-stake blockchains.”

Gilquin said institutions are now gravitating toward productive assets as traditional yields tighten. Solana-based ETFs attracted over $420 million in their debut week last month, showing appetite for liquid products that still provide native staking returns.

“At the same time, data shows that retail delegators are becoming more long-term oriented, with delegation lifetimes steadily increasing throughout 2025 and participation remaining strong even amid volatility,” he added.

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