Solana ETFs Reverse Course with $12.5M Outflow on September 30
U.S. spot Solana exchange-traded funds (ETFs) experienced a notable outflow on September 30, with combined net withdrawals totaling $12.5 million.
This reversal comes after the previous trading session saw inflows of $5.4 million. The Bitwise Solana Staking ETF led the way in terms of withdrawals, accounting for nearly three-quarters of the total outflows at $8.9 million.
Other Solana ETFs also recorded significant net outflows, including VSOL and MSOL, each with $3.2 million in combined outflows. In contrast, FSOL saw a notable inflow of $2.8 million, while other funds like TSOL, SOEZ, and GSOL reported no net flow during the session.
Looking at the bigger picture, U.S. spot Solana ETFs have seen a cumulative net flow of $1,599.0 million since their launch, with the last five trading days alone accounting for $120.1 million in combined net flow.