US Solana ETF, US$8 million net outflow…22-day net inflow streak halted

JOON HYOUNG LEE

Summary

The US Solana (SOL) spot exchange-traded fund (ETF) recorded its first net outflow since launch.
In particular, 21Shares' TSOL led the net outflows with US$34 million withdrawn.
The cumulative net outflows of all Solana ETFs reached US$26 million, but Solana's price maintained a slight upward trend.

The US Solana (SOL) spot exchange-traded fund (ETF) recorded its first net outflow since its launch.

On the 27th (local time), according to SosoValue, US$8.1 million in funds were net withdrawn from the Solana spot ETF on the previous day (26th). It is the first net outflow since its launch on the 28th of last month. SolanaFloor said, "The Solana ETF had continued net inflows for 22 consecutive days before recording its first net outflow."

The net outflow was led by 21Shares' TSOL. Specifically, TSOL alone saw net outflows of US$34 million. Cointelegraph said, "The remaining Solana ETFs showed good performance and absorbed a substantial portion of TSOL's net outflows," adding, "The cumulative net outflows of all Solana ETFs since launch amount to US$26 million."

Solana's price showed an uptick that day. As of 11:30 p.m. that day on CoinMarketCap, Solana was trading at US$141.62, up 3.34% from the previous day. Compared with a week earlier, it was up 0.59%.

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