21Shares’ TSOL Redeems $41.8M, Driving Record $32.19M Outflow from U.S. Spot Solana ETFs as On‑chain Sees $321M Inflows

first published 2025-12-04T12:38:19Z

U.S. spot Solana ETFs recorded their largest single‑day outflow ($32.19M), entirely driven by 21Shares’ TSOL product which saw $41.79M redeemed; inflows to other Solana funds partially offset the hit. TSOL accounted for all three ETF outflows to date (previously $13.55M on Dec 1 and $8.10M on Nov 26). The outflow coincided with Franklin Templeton launching SOEZ. On‑chain activity was strong in the past month (+$321M to Solana, including >$240M from Ethereum), though active addresses and memecoin activity cooled. SOL trades near $142.75 (+1.1%) amid cautious sentiment ahead of Fed guidance; models assign a high chance SOL won’t retest its ATH this year.

AI Analysis

Record single‑day ETF outflow ($32.19M) driven entirely by TSOL’s $41.79M redemption is concrete selling pressure (bearish). Offsetting factors include $321M of on‑chain inflows and a small price uptick (+1.1%), reducing net market-moving effect (moderate impact). All facts drawn from the summary.

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