Solana Crushes Litecoin, Hedera ETFs on Day 1 With $69.45M in Inflows

Solana (SOL) has outperformed its rivals, Litecoin (LTC) and Hedera (HBAR), following the debut of their respective exchange-traded funds (ETFs) on Oct. 28, with SOL attracting the lion’s share of investor inflows.

Bitwise’s Solana ETF Debuts With $69.49M in Inflows

The first US Solana spot ETF—the Bitwise Solana Staking ETF (BSOL)—recorded $69.45 million in net inflows on its first day, bringing total net assets to $288.92 million, according to data from SoSoValue.

That represents about 0.27% of Solana’s total market capitalization, a strong start that highlights deep institutional interest in the network’s growing staking and DeFi ecosystem.

BSOL also generated $57.91 million in trading volume and attracted more than 351,000 SOL in inflows, underscoring strong early participation from investors seeking exposure to staking yields through a regulated structure. In contrast, Grayscale’s GSOL ETF witnessed zero net flows.

Despite the robust demand, SOL ETF shares closed 3.58% lower at $25.55, mirroring a mild pullback across broader crypto markets.

Litecoin and Hedera Funds See Muted Launches

In stark contrast, the Canary HBAR ETF (HBR) and Canary Litecoin ETF (LTCC)—also listed on Oct. 28—failed to attract any new capital on day one. Both funds recorded zero net inflows or outflows, according to SoSoValue data.

The HBAR ETF ended the session with just $1.09 million in total assets and $8.63 million in trading volume, while the Litecoin ETF posted $968,620 in assets and $1.38 million in volume.

Each represented roughly 0.01% of their token’s market cap, a fraction of Solana’s ETF penetration rate.

SOL, LTC, HBAR November Price Forecasts

Solana appears to be coiling up within a falling wedge pattern, a structure often preceding a bullish breakout.

The pattern’s apex near $180 serves as short-term support, while a decisive breakout above the 20-day EMA ($196.50) could trigger an upside move toward $218–$257 in November, based on the wedge’s measured targets.

Litecoin, meanwhile, is forming a textbook inverse head and shoulders setup, a reversal structure hinting at bullish continuation.

A breakout above the neckline near $100 would confirm the pattern, targeting $117–$120 in the coming November sessions.

Hedera is shaping a cup and handle formation with a rounded bottom already in place.

The token is consolidating above its 20-day EMA ($0.184), signaling early accumulation. A successful breakout above the $0.20–$0.21 resistance zone could send HBAR toward $0.233 in November.

Overall, the setup across all three assets points to a potential short-term rotation into altcoins as market confidence improves.