Solana ETFs Suffer Five Consecutive Days of Zero Net Flows

The Solana ETF market has seen an unusual development in recent days, as all six US-based Solana ETFs have experienced consecutive zero net flows for five trading sessions. According to Farside Investors, which tracks daily fund flows, there were no reported primary-market flows across the six products from July 29 to August 4.

This means that during this period, investors did not buy or sell new shares of these ETFs through authorized participants in the primary market. However, it's essential to note that assets held and exchange trading volume do not necessarily reflect net creations and redemptions.

Bitwise's BSOL, one of the affected ETFs, had an $18.1 million outflow on July 28. The same table from Farside showed a cumulative net flow of $1.122 billion through August 4, but this includes seed amounts that account for about 40% of the total.

It's worth noting that Solana ETFs have been experiencing fluctuations in recent times. In June, despite rising inflows and network activity, the price of Solana (SOL) was affected by inflation, weak fee burn, and macro pressure.