According to Cointelegraph, Solana has seen significant investor interest, attracting $369 million in inflows this month, even as Bitcoin and Ethereum ETFs experience steep redemptions. Bohdan Opryshko, co-founder and chief operating officer of Everstake, noted that both institutional and retail investors are increasingly viewing Solana as a yield-generating asset rather than a speculative trade. He highlighted that Solana's native staking rewards, ranging from 5% to 7%, offer an appeal that Bitcoin ETFs cannot match, with only a limited number of Ethereum products providing similar benefits.
Between November 3 and November 24, Bitcoin ETFs experienced $3.7 billion in net redemptions, while Ether ETFs saw $1.64 billion in outflows, according to SoSoValue. During the same period, Solana staking ETFs attracted $369 million in fresh inflows. Opryshko emphasized that this trend represents more than just capital rotation, indicating a growing preference for yield-bearing exposure. Despite Solana trading between $100 and $260 this year, the network's total staked supply increased from 350 million to 407 million SOL. Retail delegators rose from 191,179 to 194,157 between October 30 and November 24, adding over 238,000 SOL during the market downturn. Whale delegators consolidated rather than exited, with their numbers declining but the total stake remaining largely steady. Trezor users alone staked over 1 million SOL through Everstake during the month.
Opryshko suggested that crypto investing is bifurcating post-ETF approval into speculative assets traded for appreciation and productive assets staked for income. He claimed that for a growing segment of the market, staking yield has become a primary driver of allocation, though not the only one. Sebastien Gilquin, head of business development and partnerships at Trezor, noted that Solana has established one of the strongest staking profiles among major proof-of-stake blockchains, with 67% of all circulating SOL staked. He mentioned that institutions are gravitating toward productive assets as traditional yields tighten. Solana-based ETFs attracted over $420 million in their debut week last month, indicating a strong appetite for liquid products that still provide native staking returns. Gilquin added that data shows retail delegators are becoming more long-term oriented, with delegation lifetimes steadily increasing throughout 2025 and participation remaining strong even amid volatility.
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