Solana to join the ETF race as Bitcoin and Ethereum funds soar

Cryptocurrency exchange-traded funds (ETFs) are having a strong run. In the last week of June, institutional investors poured billions into Bitcoin ($BTC) and Ethereum ($ETH) funds. BlackRock and Fidelity led the pack.

At the same time, the first Solana ETF in the US – with staking included – is about to launch. These events show how fast traditional finance is moving into crypto.

Bitcoin ETFs in the US brought in nearly $3 billion between 23 and 30 June. This was their best performance in several weeks. The strong inflows come after a quiet start to June. Now, interest is back and rising fast.

Most of the money came in on 24 and 25 June. In just those two days, over $1.1 billion flowed into spot Bitcoin ETFs. BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity’s FBTC, and Ark Invest’s ARKB were among the top performers. ARKB had a surprise $70.2 million inflow on 25 June – its second biggest day of the month.

Bitcoin’s price was stable during this period. It moved up from $105,415 on 23 June to a high of $108,382 on 29 June. It then dropped slightly to $107,210 on 30 June. This steady price helped build confidence among investors.

On 30 June, IBIT led the inflows again with $112.3 million. That same day, ARKB saw a $10.2 million outflow. Other Bitcoin ETFs didn’t see much action.

The inflows didn’t stop there. On Monday, US spot Bitcoin ETFs added another $102.1 million. That marked the 15th day in a row of net inflows. In total, they’ve brought in $4.7 billion over those 15 days.

The president of The ETF Store, Nate Geraci, shared his thoughts on X. He posted:

According to an ETF tracker, these ETFs have seen $49.3 billion in total net inflows since they launched in January 2024. Of that, $13.8 billion came in 2025. Combined, these ETFs now manage nearly $128 billion, boosted by both inflows and Bitcoin’s rising price.

CoinShares reported that these strong Bitcoin ETF flows are part of a wider trend. Global crypto investment products have now seen 11 straight weeks of inflows. US-based ETFs are driving most of the gains. Analysts say this points to growing trust in crypto products through traditional finance channels.

Ethereum ETFs are gaining ground too

Ethereum is also seeing a strong push from institutional investors. Fidelity and BlackRock are putting more money into their Ethereum ETFs.

On 30 June, Fidelity’s FETH ETF added $25.7 million. That’s more than 10,000 ETH in one go. This came just after a $28.9 million inflow days earlier. So far, FETH has pulled in $1.69 billion in total.

BlackRock wasn’t far behind. Its ETHA fund added another $6.1 million the same day. That finished a two-day streak where BlackRock brought in $54 million for Ethereum. In total, its ETHA fund has now collected $5.52 billion since launching – more than any other Ethereum ETF so far.

Experts say this fast accumulation shows strong long-term belief in Ethereum. Now that spot ETFs are more accepted in finance, big investors are getting more comfortable investing in ETH.

The trend continued across the wider market. On Monday, all Ethereum ETFs combined saw $31.8 million in inflows. Once again, Fidelity’s FETH was the largest contributor. Overall, Ethereum ETFs have now gathered $4.2 billion.

Ethereum’s price saw some action too. It went over $2,500 during the weekend, before falling back to $2,457. Despite short-term price changes, institutional money keeps flowing into Ethereum. That’s a strong signal for the second-largest crypto asset.

Solana ETF with staking set to launch

Solana ($SOL) is about to make history. The first-ever US Solana ETF will go live on 2 July. Even more importantly, this fund includes staking rewards. That means investors can earn returns from staking SOL while holding the ETF.

The fund is called the REX-Osprey Solana and Staking ETF. It’s a joint effort between REX Shares and Osprey Funds. 

The ETF gives people a new way to invest in Solana while earning staking yield. This mix of traditional finance and crypto is a big deal.

The CEO of Rex-Osprey, Greg King, confirmed the launch. The ETF got the green light after an updated prospectus and a review by the SEC. One issue had been the C-Corp structure of the fund. But the SEC has now allowed it to move forward.

This ETF is the first of its kind in the US It could open the door for Ethereum staking ETFs next. BlackRock already met with the SEC in May to discuss that idea.

Solana’s price hasn’t reacted much yet. On Tuesday, it was down 0.5% on the day but up 3.5% for the week. Over the past 10 days, SOL is up around 15%. That shows some quiet confidence among investors.

There was also other news about Solana staking. At an event in Cannes, France, Robinhood announced that users can now stake SOL through its Robinhood Crypto platform. This gives retail users more access to staking rewards.

Still, Solana is trading well below its peak. In January 2025, it reached an all-time high of $293. That rally came after US president, Donald Trump, – supportive of crypto – took office. At the same time, the TRUMP memecoin launched on Solana, driving interest.

Bloomberg analyst, Eric Balchunas, reported on 27 June that the SEC had “no further comments” on the REX Shares filing. He added, “so they are good to launch, it looks like. Wow”.

Solana isn’t the only altcoin in the ETF spotlight. Dogecoin ($DOGE) is also being considered for a spot ETF. Bloomberg now gives DOGE a 90% chance of approval by the end of 2025. 

Grayscale, 21Shares, and Bitwise have all filed. However, the SEC has delayed the decision on 21Shares’ application, asking for 45 more days.

This is normal in the ETF approval process. Prediction platform, Polymarket, still puts the odds at 73% for approval in 2025, which lines up with Bloomberg’s numbers.

DOGE’s price hasn’t benefited yet. It’s down 2.4% over the past 24 hours. The memecoin market is quiet, with Bitcoin holding near its peak and most other altcoins slowly falling. Analysts expect better performance later in the year.

September could be a turning point. The next Federal Reserve meeting is expected to bring an interest rate cut – possibly 25 basis points. If that happens, it could inject new money into risk assets, including crypto. That might trigger a rally into the end of the year.

Back to Solana, it remains the front-runner for spot ETF approvals among altcoins. It currently has more ETF filings than any other coin. Big names like Grayscale, VanEck, 21Shares, Fidelity, CoinShares, and Invesco have all filed for a Solana ETF.

The upcoming REX-Osprey launch is a major step. It combines spot exposure with staking rewards – something many have been waiting for. And it might lead to a whole new category of staking-enabled ETFs in the near future.

The last week of June showed strong momentum for crypto ETFs. Bitcoin and Ethereum saw billions in new inflows, led by BlackRock and Fidelity. At the same time, Solana is breaking new ground with a staking ETF – the first of its kind in the US.

These moves show that institutional interest in crypto is not slowing down. In fact, it’s picking up speed. With more products launching and more money flowing in, ETFs are becoming a major way for investors to get crypto exposure.

As July begins, spot ETFs across Bitcoin, Ethereum, and now Solana hold nearly $49 billion in assets. That number could grow much higher if rate cuts and ETF approvals keep coming. 

The second half of 2025 may be one of the biggest periods yet for crypto adoption in traditional finance.