Solana February 2026 Update
Institutional Flows: ETFs and DATCOs
SOL ETF inflows totaled $59.4M in February, slowing from $102.1M in January. SOL ETFs continue their eighth consecutive month of inflows, whereas both BTC and ETH ETFs saw their fourth consecutive month of outflows. By contrast, Solana DATCO holdings remained virtually unchanged for a fifth consecutive month, constrained by limited secondary liquidity and persistent mNAV discounts. In February, Solana DATCO holdings totaled 15.98M SOL, down slightly from 16.02M SOL in January.
On a market cap adjusted basis, SOL ETF inflows in February amounted to 0.12% of SOL’s market cap. This is roughly in line with median inflows during the SOL ETF’s eight-month lifetime. ETH ETFs saw outflows of 0.16% on a market cap adjusted basis, while BTC ETFs remained relatively flat.
