Solana ETFs Post First Daily Outflow in Weeks

Solana's streak of daily inflows into U.S. spot exchange-traded funds (ETFs) came to an end on September 30, with a net outflow of $11.1 million from the Bitwise Solana Staking ETF and other products.

The reversal marked the first red day after a record-setting week, forcing traders to reassess whether the token's recent gains are based on durable demand or just momentum that has stalled.

Despite the outflow, Solana's price remained relatively stable, trading at $117.66 around 14:47 German time on October 1, according to CoinGecko data.

The 24-hour decline stood at 3.0 percent, while the seven-day performance was still positive at 4.1 percent.