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Solana ETFs Suffer Record $32M Outflow Amid Broader Crypto Rally

Guavy AI Editorial Team
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SOL
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U.S.-based Solana exchange-traded funds (ETFs) experienced their largest single-day redemption on Wednesday, totaling $32.19 million.

The outflow occurred despite a broader crypto market rally and marked the third and biggest withdrawal since the funds launched on October 28.

21Shares' TSOL product accounted for the entire outflow, bleeding $41.79 million that was partially offset by modest inflows into other Solana ETFs.

Vitaliy Shtyrkin, CPO at B2BINPAY, attributed the outflow to a 'position reset after three weeks of uninterrupted inflows and a sharp November drawdown.'

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