Crypto ETFs Split: Solana Records First-Ever Outflow as Bitcoin and Ether Rise
first published 2025-11-27T13:40:35Z
US spot Solana ETFs logged their first net outflow day on Nov. 26 with $8.1M in net outflows, driven by 21Shares Solana ETF (TSOL) which had over $34M in withdrawals. TSOL currently has $86M in net assets and cumulative net outflows of $26M since launch. Other Solana products offset much of the pullback: Bitwise Solana Staking ETF (BSOL) +$13.33M (cumulative $527.79M), Grayscale Solana Trust (GSOL) +$10.42M, and Fidelity Solana Fund (FSOL) +$2.51M. All Solana ETFs hold about 6.83M SOL (~$964M). The report also notes XRP ETFs’ daily inflows (totaling $643M across products) and that Grayscale’s Dogecoin ETF (GDOG) underperformed initial volume estimates.
AI Analysis
Net outflow day (-$8.1M) was caused primarily by a large TSOL withdrawal (> $34M); TSOL’s small AUM ($86M) and cumulative outflows ($26M) make the move notable, while other Solana ETFs recorded inflows (BSOL $13.33M, GSOL $10.42M, FSOL $2.51M). Solana ETFs collectively hold ~6.83M SOL (~$964M). These are concrete fund flow figures that slightly bearish for Solana in the near term but not a major market shock.
Impact: Significant
Sentiment: Neutral
Source Articles
- Solana ETFs end perfect run as 21Shares’ TSOL sees $34M in outflows - Cointelegraph
- Spot Solana ETFs Post First Red Day Since Launch - Decrypt
- Solana analysis: SOL price unlikely to break $150 for now - Cointelegraph
- Analysts Favor GeeFi (GEE) Over Solana (SOL) for 2026, Predicting Over 3900% ROI - Coinpedia
- Crypto ETFs Split: Bitcoin and Ether Rise as Solana Sees Sharp Exit - Bitcoin.com
- Solana ETFs Record First Outflow Ever - U.Today
- What Would It Take for XRP Price to Reach $100? - Coinpedia
