BSOL
Bitwise Solana Staking ETF
stock NYSE ETF

188m in a week is pretty mental, second only to launch numbers and BSOL pulling 68% of it means staking demand is not slowing down

**Source:** [https://x.com/capitalmarkets/status/2105195462592757815](https://x.com/capitalmarkets/status/2105195462592757815)
https://preview.redd.it/14t3vaii0osh1.png?width=680&format=png&auto=webp&s=0c05b588561ba06d4ccef22127ee59d7e50c4108
U.S. Solana ETFs drew $188.2 million through public markets this week. Onchain, Kamino launched fixed-rate borrowing and Centrifuge expanded access to an actively managed U.S. high-yield bond strategy.
Pyth began distributing Nasdaq Basic, Agora received preliminary conditional approval to organize as a national trust bank, and CADD expanded to Solana. Stablecoin supply reached $17.3 billion, RWA value passed $4.6 billion across more than 3,000 assets, and addresses holding tokenized equities crossed one million.
# Spotlight
**Fixed-rate credit expands on Solana**
Kamino launched fixed-term borrowing, while Centrifuge added an actively managed U.S. high-yield bond strategy.
Kamino launched Fixed Rates in collaboration with Hastra and Figure. The first product is an AUTO/wYLDS Fixed Rate Multiply vault with rolling 30-day terms and a 5.3% fixed borrowing rate. The product originated $10 million in AUTO fixed-rate loans within its first 72 hours.
[**Kamino ↗**](https://x.com/kamino/status/2102165434779009377)
Centrifuge made HYB available on Solana, giving eligible investors access to an actively managed portfolio of U.S. high-yield corporate bonds run by New York Life Investments. Subscriptions and redemptions settle in USDC.
[**Centrifuge ↗**](https://centrifuge.io/blog/nylim-centrifuge)
The launches expand two established areas of Solana’s credit market. Kamino provides a fixed cost of capital for a defined term, while HYB provides onchain access to an externally managed corporate-bond portfolio.
# Number of the Week
Weekly net inflows into U.S. Solana ETFs cross $188M
https://preview.redd.it/uanb2wgm0osh1.png?width=680&format=png&auto=webp&s=7fa4579a1e4b6ed8fcd333c51a514d0c50087312
U.S. Solana ETFs recorded $188.2 million in net inflows from September 21 to 25, the second-highest weekly total including launch week.
Bitwise’s Solana Staking ETF led with $128.5 million, accounting for approximately 68% of the weekly total. All seven tracked Solana funds recorded net inflows during the week.
[**Farside ↗**](https://farside.co.uk/sol/)
# News Bites
# Market Infrastructure
Pyth becomes an external distributor of Nasdaq Basic
Pyth now distributes Nasdaq Basic through the Pyth Data Marketplace. The product includes Nasdaq’s best bid and offer, plus last-sale data from Nasdaq venues and the FINRA/Nasdaq Trade Reporting Facility.
Clients license Nasdaq Basic directly from Nasdaq and require Nasdaq’s prior written approval to receive the feed through Pyth.
[**Pyth ↗**](https://www.pyth.network/blog/pyth-external-distributor-of-nasdaq-basic)
Agora receives preliminary OCC approval
Agora received preliminary conditional approval from the Office of the Comptroller of the Currency to organize Agora National Trust Bank.
The preliminary approval advances Agora through the national trust bank charter process and is subject to the OCC’s customary preopening requirements.
[**Agora ↗**](https://occ.gov/topics/charters-and-licensing/interpretations-and-decisions/index-interpretations-and-decisions.html)
Altitude adds four local payout markets
Altitude added local payout rails for the United Kingdom, Mexico, Brazil and Colombia. Altitude account holders can use domestic payment systems to reach recipients in each market.
[**Altitude ↗**](https://altitude.xyz/blog/local-payments)
# Products and Distribution
Backpack adds dividend processing for securities
Backpack added dividend processing across its stock and ETF products. Eligible traditional securities held through Backpack Securities receive cash dividends, while dividends on tokenized securities are automatically reinvested into additional tokenized shares.
[**Backpack ↗**](https://support.backpack.exchange/backpack-securities/tokenized-securities)
New tokenized equities listings on Solana
The Global X Copper Miners ETF ([$COPX](https://x.com/search?q=%24COPX&src=cashtag_click)), Global X Uranium ETF ([$URA](https://x.com/search?q=%24URA&src=cashtag_click)), and ProShares UltraPro Short QQQ ([$SQQQ](https://x.com/search?q=%24SQQQ&src=cashtag_click)) launched on Solana through Sunrise, issued by Backpack Securities.
[**Sunrise ↗**](https://x.com/Sunrise)
CADD expands to Solana
Tetra Digital Group expanded CADD to Solana, its fourth supported network. The fully backed Canadian-dollar stablecoin supports payments, transfers, treasury operations and settlement.
[**CADD ↗**](https://tetradg.com/cadd-stablecoin/)
Reflect opens eHYUSD risk-market pre-deposits
Reflect opened capped pre-deposits for a risk market built on Hylo’s yield-bearing eHYUSD stablecoin. The market divides eHYUSD exposure between a protected tranche and a higher-yield first-loss tranche. Pre-deposits are capped at $300,000.
[**Reflect ↗**](https://x.com/reflectmoney/status/2102830465229173007)
# By the Numbers
* $17.3B, Stablecoin supply on Solana reached a new all-time high
* $4.6B+, Total RWA value on Solana reached a new all-time high
* 3,000+, More than 3,000 real-world assets are available on Solana
* 1M+, Addresses holding tokenized equities crossed one million
* $160M, xStocks recorded $160 million in one day, its highest daily volume on Raydium
# Follow-on Indicators
Kamino originated $10 million in AUTO fixed-rate loans within 72 hours. Subsequent 30-day terms will add data on repeat borrowing, available liquidity and pricing across fixed-rate markets.
U.S. Solana ETFs recorded their second-highest weekly inflows including launch week, led by BSOL. Subsequent fund flows will show how demand develops across the seven available products.
Solana’s record $17.3 billion stablecoin supply provides a larger base for payments, settlement and credit activity. Transaction volumes and capital deployment will show where that liquidity is being used.
# Subscribe
Capital & Chain covers institutional activity across Solana each week.
[Subscribe to receive the next edition.](https://solanafoundation.typeform.com/to/Luo4KIpF)
Forwarding is welcome for colleagues who should have it on their radar.
Until next Monday, **The Capital Markets desk**

That's huge!

This post made me curious so I pulled some number using AI and the SOL ETF numbers are looking good ngl:
* **Lifetime cumulative net inflows** are about **$1.62–$1.63 billion**.
* **Total AUM** is about **$1.94 billion** (\~2.8% of SOL’s market cap).
* **Bitwise BSOL** still dominates. It took most of September’s money, including \~$128M of the $188M record week and the $5.75M buy on Sep 29.
* A trailing **30-day** total around Sep 29 was reported at **$278M**, which includes some late-August sessions.

188m in a week is pretty mental, second only to launch numbers and BSOL pulling 68% of it means staking demand is not slowing down

**Source:** [https://x.com/capitalmarkets/status/2105195462592757815](https://x.com/capitalmarkets/status/2105195462592757815)
https://preview.redd.it/14t3vaii0osh1.png?width=680&format=png&auto=webp&s=0c05b588561ba06d4ccef22127ee59d7e50c4108
U.S. Solana ETFs drew $188.2 million through public markets this week. Onchain, Kamino launched fixed-rate borrowing and Centrifuge expanded access to an actively managed U.S. high-yield bond strategy.
Pyth began distributing Nasdaq Basic, Agora received preliminary conditional approval to organize as a national trust bank, and CADD expanded to Solana. Stablecoin supply reached $17.3 billion, RWA value passed $4.6 billion across more than 3,000 assets, and addresses holding tokenized equities crossed one million.
# Spotlight
**Fixed-rate credit expands on Solana**
Kamino launched fixed-term borrowing, while Centrifuge added an actively managed U.S. high-yield bond strategy.
Kamino launched Fixed Rates in collaboration with Hastra and Figure. The first product is an AUTO/wYLDS Fixed Rate Multiply vault with rolling 30-day terms and a 5.3% fixed borrowing rate. The product originated $10 million in AUTO fixed-rate loans within its first 72 hours.
[**Kamino ↗**](https://x.com/kamino/status/2102165434779009377)
Centrifuge made HYB available on Solana, giving eligible investors access to an actively managed portfolio of U.S. high-yield corporate bonds run by New York Life Investments. Subscriptions and redemptions settle in USDC.
[**Centrifuge ↗**](https://centrifuge.io/blog/nylim-centrifuge)
The launches expand two established areas of Solana’s credit market. Kamino provides a fixed cost of capital for a defined term, while HYB provides onchain access to an externally managed corporate-bond portfolio.
# Number of the Week
Weekly net inflows into U.S. Solana ETFs cross $188M
https://preview.redd.it/uanb2wgm0osh1.png?width=680&format=png&auto=webp&s=7fa4579a1e4b6ed8fcd333c51a514d0c50087312
U.S. Solana ETFs recorded $188.2 million in net inflows from September 21 to 25, the second-highest weekly total including launch week.
Bitwise’s Solana Staking ETF led with $128.5 million, accounting for approximately 68% of the weekly total. All seven tracked Solana funds recorded net inflows during the week.
[**Farside ↗**](https://farside.co.uk/sol/)
# News Bites
# Market Infrastructure
Pyth becomes an external distributor of Nasdaq Basic
Pyth now distributes Nasdaq Basic through the Pyth Data Marketplace. The product includes Nasdaq’s best bid and offer, plus last-sale data from Nasdaq venues and the FINRA/Nasdaq Trade Reporting Facility.
Clients license Nasdaq Basic directly from Nasdaq and require Nasdaq’s prior written approval to receive the feed through Pyth.
[**Pyth ↗**](https://www.pyth.network/blog/pyth-external-distributor-of-nasdaq-basic)
Agora receives preliminary OCC approval
Agora received preliminary conditional approval from the Office of the Comptroller of the Currency to organize Agora National Trust Bank.
The preliminary approval advances Agora through the national trust bank charter process and is subject to the OCC’s customary preopening requirements.
[**Agora ↗**](https://occ.gov/topics/charters-and-licensing/interpretations-and-decisions/index-interpretations-and-decisions.html)
Altitude adds four local payout markets
Altitude added local payout rails for the United Kingdom, Mexico, Brazil and Colombia. Altitude account holders can use domestic payment systems to reach recipients in each market.
[**Altitude ↗**](https://altitude.xyz/blog/local-payments)
# Products and Distribution
Backpack adds dividend processing for securities
Backpack added dividend processing across its stock and ETF products. Eligible traditional securities held through Backpack Securities receive cash dividends, while dividends on tokenized securities are automatically reinvested into additional tokenized shares.
[**Backpack ↗**](https://support.backpack.exchange/backpack-securities/tokenized-securities)
New tokenized equities listings on Solana
The Global X Copper Miners ETF ([$COPX](https://x.com/search?q=%24COPX&src=cashtag_click)), Global X Uranium ETF ([$URA](https://x.com/search?q=%24URA&src=cashtag_click)), and ProShares UltraPro Short QQQ ([$SQQQ](https://x.com/search?q=%24SQQQ&src=cashtag_click)) launched on Solana through Sunrise, issued by Backpack Securities.
[**Sunrise ↗**](https://x.com/Sunrise)
CADD expands to Solana
Tetra Digital Group expanded CADD to Solana, its fourth supported network. The fully backed Canadian-dollar stablecoin supports payments, transfers, treasury operations and settlement.
[**CADD ↗**](https://tetradg.com/cadd-stablecoin/)
Reflect opens eHYUSD risk-market pre-deposits
Reflect opened capped pre-deposits for a risk market built on Hylo’s yield-bearing eHYUSD stablecoin. The market divides eHYUSD exposure between a protected tranche and a higher-yield first-loss tranche. Pre-deposits are capped at $300,000.
[**Reflect ↗**](https://x.com/reflectmoney/status/2102830465229173007)
# By the Numbers
* $17.3B, Stablecoin supply on Solana reached a new all-time high
* $4.6B+, Total RWA value on Solana reached a new all-time high
* 3,000+, More than 3,000 real-world assets are available on Solana
* 1M+, Addresses holding tokenized equities crossed one million
* $160M, xStocks recorded $160 million in one day, its highest daily volume on Raydium
# Follow-on Indicators
Kamino originated $10 million in AUTO fixed-rate loans within 72 hours. Subsequent 30-day terms will add data on repeat borrowing, available liquidity and pricing across fixed-rate markets.
U.S. Solana ETFs recorded their second-highest weekly inflows including launch week, led by BSOL. Subsequent fund flows will show how demand develops across the seven available products.
Solana’s record $17.3 billion stablecoin supply provides a larger base for payments, settlement and credit activity. Transaction volumes and capital deployment will show where that liquidity is being used.
# Subscribe
Capital & Chain covers institutional activity across Solana each week.
[Subscribe to receive the next edition.](https://solanafoundation.typeform.com/to/Luo4KIpF)
Forwarding is welcome for colleagues who should have it on their radar.
Until next Monday, **The Capital Markets desk**

That's huge!

This post made me curious so I pulled some number using AI and the SOL ETF numbers are looking good ngl:
* **Lifetime cumulative net inflows** are about **$1.62–$1.63 billion**.
* **Total AUM** is about **$1.94 billion** (\~2.8% of SOL’s market cap).
* **Bitwise BSOL** still dominates. It took most of September’s money, including \~$128M of the $188M record week and the $5.75M buy on Sep 29.
* A trailing **30-day** total around Sep 29 was reported at **$278M**, which includes some late-August sessions.