Grayscale's Solana fund, GSOL, bought up to $20.2 million worth of Solana over the past 20 days, according to Arkham Intelligence data. VanEck's VSOL fund, by contrast, saw withdrawals during the same period of market volatility.
Grayscale's recently launched Solana fund bought up to $20.2 million worth of Solana over the past 20 days, based on data from Arkham Intelligence. The purchases went through its Solana ETF, GSOL, and show the product continuing to draw in capital.
The data shows fresh capital arriving on most daily trading sessions over the last month. The fund recorded only one day of outflows in that stretch.
Those rare withdrawals have left Grayscale ahead of other Solana investment funds that recently recorded selling activity. Market analysts have noticed, because the fund launched only recently and is already drawing institutional interest.
VanEck's VSOL tells a different story. During its latest trading session, VanEck sold about $700,000 worth of SOL, which suggests investors are less willing to gain Solana exposure through that fund than through Grayscale's.
Grayscale, meanwhile, did not record any sales in the same period. Investors appear to be watching institutional demand for Solana and how funds respond to changing market conditions.
Source: U.Today
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