While Bitcoin and Ethereum exchange-traded funds (ETFs) continue to experience substantial redemptions, Solana has distinguished itself by attracting $369 million in inflows this month. Investors are increasingly viewing SOL not just as a speculative asset but as a reliable yield-generating investment, reflecting a shift in market dynamics towards income-focused crypto assets.
Key Insights
- •Solana’s native staking rewards of 5%–7% are driving investor interest, surpassing what Bitcoin ETFs currently offer.
- •Between Nov. 3 and Nov. 24, Bitcoin ETFs faced $3.7 billion in net redemptions, while Ethereum ETFs lost $1.64 billion, indicating a broad exodus from these assets.
- •During the same period, Solana staking ETFs drew a significant $369 million in new capital, highlighting a preference shift towards yield-bearing crypto investments.
- •Despite a volatile trading range of $100 to $260 this year, the total staked SOL increased from 350 million to 407 million, with retail and institutional investors maintaining commitment.
Sentiment: Bullish
Price impact: Positive. The inflows and increased staking activity suggest rising confidence and a shift towards income-generating crypto assets.
Market context: The broader crypto market is experiencing a transition towards more institutional and retail interest in yield-bearing assets amid volatility in major cryptocurrencies.
Staking and Investor Confidence in Solana
Despite fluctuating prices, Solana’s total staked supply has grown considerably, from 350 million to 407 million SOL. The increase occurred even as the asset traded within a wide range, between $100 and $260 this year. Interestingly, retail delegators—private investors—have increased their holdings, with numbers rising from 191,179 to 194,157 between October 30 and November 24, adding over 238,000 SOL during a market downturn.
Whale delegators have shown resilience, choosing to consolidate rather than exit, which points to a strategic focus on income stability rather than mere appreciation. Notably, Trezor users alone staked over one million SOL through Everstake during this period. This trend underscores a broader market bifurcation, where investors increasingly prioritize productive assets that generate yield, rather than solely seeking appreciation-based growth.
Strong Yield Profile Establishes Solana as a Leading Proof-of-Stake Network
According to Coinbase data, approximately 67% of all circulating SOL is staked, underscoring Solana’s robust staking ecosystem. Sebastien Gilquin, head of business development at Trezor, noted that Solana has established one of the most formidable staking profiles among major proof-of-stake blockchains. Institutional interest is growing as traditional yields tighten, with Solana-based ETFs attracting over $420 million in their debut week last month, reflecting strong appetite for liquid assets that still offer native staking returns.
Gilquin added that retail delegators are demonstrating a longer-term outlook, with participation durations increasing throughout 2025 despite market volatility. This evolving investor behavior highlights the significance of staking yields as a core driver of asset allocation in the current crypto landscape.