CMC News

$SOL ETFs Record First Outflows With $8.1M Withdrawal

U.S. spot $SOL exchange-traded funds broke their flawless inflow streak on Wednesday, posting $8.1 million in net outflows for their first negative day since launch. Data provider SoSoValue confirmed the reversal marks the end of a 21-day consecutive inflow pattern.

The 21Shares #SolanaETF (TSOL) drove the withdrawal wave, experiencing over $34 million in outflows during a single trading session. The ETF has accumulated cumulative net outflows of $26 million since launch and maintains net assets of $86 million.

Other $SOL ETFs delivered strong performance, absorbing substantial portions of TSOL's outflows. The Bitwise Solana Staking ETF (BSOL) continued its dominance with a $13.33 million single-day intake, elevating its cumulative inflows to $527.79 million.

The Grayscale Solana Trust (GSOL) recorded a positive day with $10.42 million in new capital, while the Fidelity Solana Fund (FSOL) posted $2.51 million in inflows. Solana Strategic Reserve data revealed that $SOL ETFs hold approximately 6.83 million #Solana tokens, valued at roughly $964 million.

Rachel Lin, CEO and co-founder of SynFutures, suggested that flows out of $SOL may reflect a broader reallocation away from higher beta altcoins into assets perceived as having better structural adoption or regulatory clarity. Total assets held by Solana ETFs hover around $915 million, representing roughly 1.15% of Solana's $79 billion market cap.