Solana ETFs Pull $369M in November as Investors Shift Toward Yield-Producing Assets

• Solana ETFs recorded $369M in inflows this month while Bitcoin and Ethereum ETFs faced billions in redemptions.
• Investors now view SOL as a yield-generating productive asset instead of a speculative trade.
• Staked SOL increased to 407M, even during market volatility.
• Institutional interest is rising as 67% of all SOL is staked.
• Demand grows for liquid ETF products that still provide native staking rewards.

Solana has become one of the strongest performers in the crypto ETF market this month, attracting $369 million in inflows while Bitcoin and Ethereum ETFs recorded large redemptions. This shift highlights a growing trend among investors who now prefer assets that generate yield rather than purely speculative holdings. According to Everstake COO Bohdan Opryshko, both retail and institutional players increasingly see Solana as a productive asset because its native staking rewards offer consistent returns that Bitcoin and most Ethereum ETFs do not provide.

Between November 3 and November 24, Bitcoin ETFs saw $3.7 billion in redemptions and Ethereum ETFs lost an additional $1.64 billion. During the same period, Solana staking ETFs attracted hundreds of millions in new capital. The difference in flows shows that yield-bearing assets are gaining strong momentum. Opryshko says this trend reflects more than simple rotation — it signals a fundamental change in how investors allocate capital inside the crypto market. For many participants, staking yield has become one of the main reasons to hold SOL.

At the network level, Solana’s staking ecosystem continues to strengthen. Despite the price of SOL fluctuating between $100 and $260 this year, the total amount of staked SOL increased from 350 million to 407 million. Retail participation also expanded during the recent downturn, with over 238,000 SOL added by smaller delegators between late October and late November. This shows that retail users are becoming more long-term focused, staking through volatility rather than selling into weakness.

Large holders behaved differently but still supported the network. While the number of whale delegators decreased, the total staked amount remained stable, indicating consolidation instead of an exit. Opryshko also noted that Trezor users alone staked more than 1 million SOL through Everstake during the month, highlighting strong engagement among hardware wallet users.

Solana’s staking profile remains one of the strongest among major proof-of-stake blockchains. Data from Coinbase shows that around 67% of all circulating SOL is currently staked, demonstrating a high level of network participation. Sebastien Gilquin from Trezor said institutions are now showing increased interest in productive assets as traditional yield markets tighten. This demand was already visible during the launch of Solana-based ETF products, which attracted over $420 million during their debut week. These ETFs appeal to investors because they offer staking exposure through regulated, liquid products.

Retail delegators also appear more confident, with longer staking durations and consistent participation even during volatile periods. As both institutional and retail investors shift toward yield-producing crypto assets, Solana is emerging as a leading option for those looking to earn passive income while maintaining exposure to a high-growth blockchain ecosystem.

Final Thought

With strong ETF inflows, rising staking participation, and growing interest from institutions, Solana is solidifying its position as a top productive asset in the crypto market. As investors continue to prioritize yield, SOL’s staking-driven ecosystem may give it a major advantage moving into 2025.