U.S. Spot Solana ETFs Post $12.7 Million Outflow for 10th Straight Session

U.S. spot Solana (SOL) exchange-traded funds recorded $12.7 million in net outflows Friday, Oct. 16, extending their withdrawal streak to 10 consecutive trading sessions across the group. The daily outflow was larger than the $9.8 million recorded the previous session. The $12.7 million total covered all reported U.S. spot Solana funds, while the $9.8 million figure covered the preceding trading day. Withdrawals continued across both sessions, extending the run that began earlier in October.

Bitwise Solana Staking ETF (BSOL) accounted for the full $12.7 million withdrawal. VSOL, FSOL, TSOL, SOEZ, MSOL and GSOL each recorded zero net flow, and none of the funds posted an inflow. The outflow was therefore concentrated entirely in BSOL, while the six other listed funds had no net change for the day. With no inflows offsetting BSOL’s withdrawal, the group’s combined result matched that fund’s outflow.

The streak began Oct. 5 and ran through Oct. 16. It included the Oct. 14 outflow. Across the five trading sessions from Oct. 12 through Oct. 16, the funds recorded a combined $25.5 million in net outflows. Those five sessions were the final part of the 10-session run. Cumulative net flow since launch stood at $1,549.0 million, leaving the group’s cumulative total positive despite the recent withdrawals. That cumulative figure covers flows since launch, while the $25.5 million total measures the latest five trading sessions.