Solana ETFs end perfect run as 21Shares’ TSOL sees $34M in outflows
The reversal was driven by the 21Shares Solana ETF (TSOL), which saw over $34 million in withdrawals in a single day.
US spot Solana exchange-traded funds (ETFs) broke their flawless inflow streak on Wednesday, recording $8.1 million in net outflows, their first day in the red since launch, according to ETF data provider SoSoValue.
A single ETF product largely drove the pullback, the 21Shares Solana ETF (TSOL), which experienced over $34 million in outflows. The ETF has recorded cumulative net outflows of $26 million since launch and has net assets of $86 million.
The rest of the SOL ETFs performed well, absorbing much of the outflows by TSOL. The Bitwise Solana Staking ETF (BSOL) continued to dominate with a $13.33 million single-day intake, lifting its cumulative inflows to $527.79 million
