Spooked by Bitcoin? Here Are the 6 Biggest Ethereum and Solana ETFs

As pioneering cryptocurrency bitcoin struggles to recoup a few of the dramatic losses that prompted a $523 million single-day outflow from the flagship iShares Bitcoin Trust ETF (IBIT), rivals Ethereum and Solana — which have had swings of their very own — are gaining floor with digital forex lovers.

Whereas each embody options comparable to sensible contract options and spot ETF choices, there are a number of variations, starting from stability and complexity to time on the market and vitality effectivity. Bitcoin stays the largest cryptocurrency, with a market capitalization of $1.8 trillion, adopted by ethereum at $364 billion, in accordance with CoinGecko. Solana ranks seventh amongst cryptocurrencies, with a market worth of $73.8 billion.

Here’s a comparability:

Ethereum 

• What’s it? Launched in July 2015, Ethereum is the world’s second-largest cryptocurrency by market cap. It’s a decentralized blockchain and utility/sensible contract improvement platform powered by its native cryptocurrency, ether (ETH). Ethereum gives a world, open-source, peer-to-peer community that lets customers create and run their very own digital belongings, comparable to stablecoins and NFTs, in addition to decentralized purposes (DApps) for decentralized finance (DeFi), artwork, gaming and social media. 
• The way it works: Since 2022, the Ethereum community has run on a proof-of-stake (PoS) consensus mechanism, which is 99% extra energy-efficient than its former proof-of-work (PoW) mechanism, because it drastically reduces the latter’s want for computational energy. PoS makes use of randomly chosen validators to verify transactions and create new blocks by staking a specific amount of cryptocurrency as collateral to be chosen for block validation, thus guaranteeing community safety and transparency.
  • Professionals
    • Self-executing sensible contracts: Ethereum’s sensible contract deployment helps automate workflows and the execution of agreements, so all members are instantly conscious of the consequence with out the want for intermediaries or wasted time.
    • Decentralization and safety: Ethereum’s community is hosted on hundreds of nodes and computer systems worldwide, giving customers management reasonably than a single central authority.
    • Vitality effectivity: Ethereum’s transfer to a PoS system has dramatically decreased its vitality consumption and carbon footprint
  • Cons
    • Scalability: With its open-source, international platform, Ethereum has skilled persistently excessive transaction volumes, resulting in struggles with demand, gradual processing instances, and community congestion. 
    • Volatility: Over the previous a number of years, the worth of ether (ETH) has been extra risky than Bitcoin, declining most not too long ago by 30% in the three months main into December 2025.
  • High Ethereum ETFs: Regardless of Bitcoin’s volatility in current months, its IBIT stays the high cryptocurrency ETF presently buying and selling in the US. Nevertheless, Ethereum particularly is making its personal mark on the charts. Here are a few of its top-ranking crypto ETFs, in accordance with VettaFi.
    • iShares Ethereum Belief ETF: Holding belongings of $11.5 billion, ETHA was launched in June 2024. The fund has garnered web inflows of $9.56 billion this 12 months, in accordance with VettaFi knowledge.
    • Grayscale Ethereum Belief ETF: The primary spot ether exchange-traded product to commerce in the US, ETHE holds $2.96 billion in belongings and was launched as a non-public placement in 2017, then traded over the counter in 2019 and moved to NYSE Arca final 12 months. The fund has seen web outflows of $1.34 billion this 12 months.
    • Constancy Ethereum Fund ETF (FETH): With belongings of $2.3 billion, FETH was launched in June 2024. It has garnered web inflows of $1.03 billion this 12 months.
    • Grayscale Ethereum Mini Belief (ETH): Holding $2.26 billion in belongings, ETH was launched in July 2024. It has garnered web inflows of $872 million this 12 months.

Solana

• What’s it? Maybe the “beginner” of the premier crypto manufacturers, having formally launched in 2020, Solana is nonetheless a fierce competitor with its quick, scalable and user-friendly options. Like Ethereum, Solana is an open-source blockchain platform that can be utilized for utility improvement and execution in key areas comparable to DeFi, NFTs, gaming, provide chain administration and funds. 
• The way it works: Solana, powered by its native cryptocurrency SOL, takes a novel strategy to consensus mechanisms, combining PoS with its proof-of-history (PoH) innovation, which requires much less computational energy. With the latter particularly, Solana gives a digital report of occasions occurring on the community at any given time, typically visualized as a cryptographic clock that assigns timestamps to every transaction and is supported by a elementary knowledge construction.
  • Professionals
    • Excessive-speed with low charges: Not like Ethereum, Solana can course of hundreds of transactions per second with considerably decrease charges ($0.0005 and up), making it extra scalable and economically viable for micropayments, in-game transactions and high-volume buying and selling.
    • Consumer-friendly: Solana’s concentrate on consumer expertise (UX) provides it a broader enchantment, notably in the way it addresses ache factors typically skilled in blockchain and cryptocurrency adoption.
    • US ETF availability: After a few years of courtship, Solana lastly dove headfirst into the US ETF market as of October 2025 with the launch of the Bitwise Solana Staking ETF (BSOL), adopted by the Grayscale Solana Belief ETF (GSOL) and now the Constancy Solana Fund (FSOL).
  • Cons
    • Reliability/stability: In its comparatively quick lifespan, Solana has skilled a number of community outages, disruptions and efficiency points, elevating considerations about its reliability and creating complications and potential monetary danger for customers. 
    • Centralization considerations: Amongst its critics, Solana has fostered a notion of centralization attributable to its extra rigorous validator necessities.
    • Complexity: Solana’s superior structure and tech (together with its SeaLevel software) can create a steep studying curve for customers and builders, creating restricted time and area for adoption and innovation.
  • High Solana ETFs: A number of spot Solana ETFs had been launched in October after the US Securities and Alternate Fee accredited generic itemizing requirements that gave exchanges (Nasdaq, Cboe BZX and NYSE Arca) the potential to listing crypto ETFs with out having to acquire a rule change from the SEC each time. Here are three of the largest Solana ETFs thus far:
    • Bitwise Solana Staking ETF: Shaped in October, BSOL has $679 million in belongings. The fund has garnered web inflows of $800 million thus far.
    • Grayscale Solana Belief: Launched in October, GSOL has $161.7 million in belongings. It has attracted inflows of $87.5 million thus far.
    • Constancy Solana Fund: Launched in late November, FSOL holds $34.7 million in belongings. Move knowledge isn’t but out there.