Solana ETFs See Three-Month High Inflows as MoneyGram Expands to Network

Solana-focused exchange-traded funds recorded their strongest inflow in three months on August 10, drawing $8.8 million in new capital, even as the SOL token's price declined the following day. The investment activity coincided with MoneyGram's announcement that it had expanded its global cash-to-crypto service to the Solana blockchain.

According to data from analytics provider Santiment, the $8.8 million net inflow into Solana ETFs on August 10 marked the largest single-day total since May 12. This resurgence of institutional interest occurred while SOL traded near $76.44, signaling renewed demand from investors despite broader market fluctuations. The inflows represent a notable uptick after months of relatively subdued activity in these investment vehicles.

On August 11, global payments network MoneyGram revealed it had integrated Solana into its Ramps platform. This expansion allows Solana-based wallets, exchanges, and developers to offer users bidirectional conversions between physical currency and digital assets. The service is accessible through MoneyGram's network of nearly 500,000 retail locations across more than 170 countries. Rift wallet became the first application...