The crypto market saw a bloodbath earlier today as Bitcoin (BTC) fell as low as $89,253 on Binance crypto exchange before recovering some of its losses. However, institutional interest in altcoins like Solana (SOL) continues to remain strong, as SOL-based exchange-traded funds (ETFs) yesterday made a streak of 15 consecutive days of inflows.
Solana ETF performance on the rise
According to latest data from SoSoValue, US-based Solana spot ETFs have seen fifteen consecutive days of inflows, signifying the strong institutional interest in the cryptocurrency. Notably, Solana ETFs are seeing positive flows since October 28, 2025.
Among the investment products, Bitwise’s BSOL ETF listed on the New York Stock Exchange (NYSE) leads the charge, holding net assets to the tune of $417 million at the time of writing.
Grayscale’s GSOL ETF is a distant second, holding net assets worth $25.27 million, while capital flow data from Nasdaq-listed VanEck’s VSOL ETF is yet to come in. In total, Solana-based ETFs have net assets worth $513.48 million, representing 0.71% of Solana’s total market cap.
On the contrary, Bitcoin ETFs appear to be struggling in attracting fresh inflows. In November, US-based spot Bitcoin ETFs have only had three days with positive inflows, while funds have left ETFs on eight days.
In fact, Bitcoin ETFs are currently on a four-day-long streak of outflows, totalling more than $1.5 billion. The situation is similar for Ethereum ETFs, as they have seen more than $800 million leave over the past five days.
Could altseason be on the horizon?
The outflow of capital from Bitcoin ETFs, and Solana ETFs attracting strong flows, could force one to believe that an altseason might be closer. However, data paints a different picture.
The ETH/BTC chart is one of the more reliable indicators of any potential looming altseason. The below weekly chart shows that Ethereum has been on a downward trend against the premier cryptocurrency since August 2025.
However, this week the chart is in the green, indicating that ETH has outperformed BTC in the short term. While it may be good news for altseason hopefuls, it remains important for ETH/BTC to defend the support area, highlighted in blue.
That being said, a series of bullish developments could further propel SOL against BTC, culminating in a Solana ecosystem-specific altseason rather than a full-blown, industry-wide altseason. For example, Fidelity is expected to launch its own spot SOL ETF on November 19.
