TLDR
The Solana ETF that recorded outflows this week is the 21Shares Solana ETF (TSOL) per multiple reports.
- On 2627 Nov, net outflows of about $8.10 million were driven by a $34.37 million redemption at TSOL reported here.
- On 2 Dec, the largest daily net outflow of $13.55 million was again led by TSOLs $32.54 million redemption covered here.
- Other SOL ETFs (Bitwise BSOL, Grayscale GSOL) saw inflows on those days, offsetting some of TSOLs outflows as noted here.
Deep Dive
1. TSOL Led the Outflows
TSOL is the only named Solana ETF with consistent outflows in recent sessions. Reports cite a $34.37 million TSOL redemption on 2627 Nov that pushed aggregate SOL ETF flows negative for the first time since launch documented here.
- The 2627 Nov net outflow totaled ~$8.10 million, with TSOL the main driver overview.
- On 2 Dec, TSOL redeemed $32.54 million, producing the largest daily net outflow of $13.55 million for SOL ETFs details.
- Coverage notes TSOLs cumulative net outflows since launch, contrasting with peers that remain net positive summary.
Issuer-specific redemptions (TSOL) are driving negative net flow prints, so monitoring per?fund flows matters more than the aggregate headline.
2. Other SOL ETFs Showed Inflows
Bitwises BSOL and Grayscales GSOL offset part of TSOLs redemptions on the same days, indicating mixed investor positioning across SOL funds.
- On 2627 Nov, BSOL saw $13.33 million and GSOL $10.42 million in inflows recap.
- On 2 Dec, BSOL had $17.18 million and GSOL $1.82 million of inflows while TSOL redeemed $32.54 million flow breakdown.
- Late?Nov data also show GSOL and Fidelitys FSOL adding assets while TSOL remained the only fund with net outflows broader context.
Demand for SOL exposure persists via some issuers even when one fund sees redemptions. Comparing flows by issuer helps gauge where institutional appetite is rotating.
3. Context and Why It Matters
These outflow days broke a multi?week streak of inflows since SOL ETFs launched, highlighting more cautious risk sentiment.
- The first net outflow day capped a strong initial inflow run for SOL ETFs summary.
- Subsequent mixed flows reinforce that investor positioning is dynamic across products and periods update.
Short?term flows can swing with broader market conditions. If you track SOL ETF exposure, watch daily prints to separate issuer?specific moves from market?wide shifts.
Conclusion
Recent SOL ETF outflows were concentrated in 21Shares TSOL, while Bitwises BSOL and Grayscales GSOL saw offsetting inflows on the same days. The rotation suggests issuer?level differences in demand and a more selective institutional stance toward SOL exposure. Monitoring per?fund net flows offers a clearer read on sentiment than aggregate totals alone.
