Solana Spot ETFs Post $24.81 Million Weekly Net Outflow

Solana (SOL) spot exchange-traded funds recorded $24.81 million in combined net outflows during the five trading sessions from Oct. 5 to Oct. 9, reversing the products’ recent inflow trend.

Bitwise’s BSOL accounted for the largest weekly withdrawal at $20.94 million. Its cumulative net inflows stood at $1.20 billion.

Grayscale’s GSOL recorded $3.75 million in outflows during the period, leaving its cumulative net inflows at $166 million. Morgan Stanley’s MSOL posted the strongest result, attracting $1.77 million in weekly inflows and reaching $42.48 million in cumulative inflows.

Solana spot ETFs held $1.73 billion in total net assets at the latest data snapshot. Those assets represented 2.70% of Solana’s total market capitalization, while cumulative net inflows across the products reached $1.58 billion.