TLDR
Bitwise Solana Staking ETF (BSOL) is the Solana ETF that saw outflows, about $4.6 million in mid?December, per a report on the events first redemption day BSOL outflow.
- Fidelity Solana ETF (FSOL) recorded a large $38.7 million inflow the same day, offsetting BSOLs outflow FSOL inflow.
- Overall, U.S. spot Solana ETFs still posted net inflows around $35.2 million on that day net inflows.
Deep Dive
1. BSOL Outflow
BSOLs first net outflow was roughly $4.6 million, ending a streak of steady inflows since launch. Coverage cites mid?December timing and links the move to a broader crypto pullback BSOL outflow detail. A separate flow summary placed the outflow around the same window while noting wider market volatility flow recap.
One issuer saw redemptions, but the magnitude was modest and did not reverse the sectors net inflow that day.
2. Other SOL ETFs
Despite BSOLs outflow, FSOL posted its largest single?day inflow at $38.7 million, and aggregate Solana ETF flows remained positive near $35.2 million that day, suggesting issuer?level divergence rather than sector?wide weakness FSOL and sector flows. Earlier in the week, reports also highlighted consecutive net inflow streaks across Solana ETFs, reinforcing the theme of ongoing demand inflow streak.
Flows rotated between issuers; sector demand for regulated SOL exposure remained resilient.
3. Why Flows Matter
ETF flows are a quick gauge of institutional appetite. Mid?December analyses pointed to continued positive daily flows and rising total assets across Solana ETFs despite macro volatility daily flows and assets. Issuer?level differences (like BSOL outflow vs. FSOL inflow) often reflect portfolio rebalancing or strategy preferences rather than a single narrative shift.
Monitoring both sector totals and issuer?specific moves helps separate rotation from genuine demand changes.
Conclusion
The Solana ETF with outflows was Bitwises BSOL, about $4.6 million mid?December. At the same time, FSOL saw a much larger inflow, leaving sector totals positive. The pattern signals issuer rotation more than a drop in overall demand for Solana ETF exposure.
