Solana ETFs Lose About $30 Million as Recent Outflow Pace Eases

U.S. spot Solana (SOL) exchange-traded funds recorded about $30 million in net outflows across five completed sessions from Oct. 16-22, while the daily pace slowed in the four sessions after Oct. 16.

The Oct. 19-22 sessions saw about $17.3 million in outflows, or roughly $4.3 million per session. Funds lost $25.52 million across Oct. 12-16, averaging about $5.1 million per session. Withdrawals continued at a slower daily pace in the newer four-session period.

Oct. 16 is included in both five-session windows, so the totals overlap by one trading day and should not be added. Daily flows from Oct. 19-22 included $6.72 million in outflows on Oct. 19, $2.65 million on Oct. 20, a $585,300 inflow on Oct. 21 and $8.52 million in outflows on Oct. 22.

The five-session total varies by fund count: a seven-fund tally puts outflows at $30.3 million, while the all-nine-fund total is about $30 million. On Oct. 22, Bitwise Solana Staking ETF (BSOL) lost $5.72 million and Grayscale Solana Trust (GSOL) lost $3.22 million. Canary Marinade Solana ETF (SOLC) took in $419,538, leaving the nine-fund group with about $8.5 million in net outflows that day, as detailed in an earlier Oct. 22 daily outflow report.

Oct. 23 flow data remained incomplete as of 1:47 a.m. ET (05:47 UTC) on Oct. 24. Seven of nine funds showed no share creations or redemptions; SOLC and Invesco Galaxy Solana ETF (QSOL) had not reported by then. ETF net flows track share creations and redemptions and do not, by themselves, establish a SOL price forecast.