Which SOL ETF led outflows?

TLDR

The 21Shares Solana ETF (TSOL) led the recent outflows from Solana (SOL) ETFs.

1. TSOL saw about $41.79 million exit on 3 Dec, driving a $32.19 million category outflow per a market report (Decrypt).
2. On 2 Dec, TSOL was again the main driver with a $32.54 million redemption amid a $13.55 million net category outflow (Coingape).
3. Other SOL ETFs, like Bitwises BSOL and Grayscales GSOL, recorded inflows on those days, partly offsetting TSOLs redemptions (TokenPost).

Deep Dive

1. TSOL Outflow Leader

TSOL has been the sole or primary source of the largest recent SOL ETF outflow days.

1. On 3 Dec, the largest single day outflow of $32.19 million for SOL ETFs came entirely from TSOLs $41.79 million redemption, partly offset by inflows elsewhere (Decrypt).
2. On 2 Dec, SOL ETFs posted $13.55 million net outflow, mainly due to TSOLs $32.54 million redemption; TSOL has accumulated $60.14 million in net outflows since launch (Coingape).

2. Other SOL ETFs Resilient

Peer funds showed inflows during the same windows, cushioning the category.

1. On 2 Dec, Bitwises BSOL had $17.18 million inflows and Grayscales GSOL added $1.82 million, offsetting part of TSOLs redemption (TokenPost).
2. Reports around these dates consistently show mixed flows, with TSOL the outflow source and BSOL/GSOL absorbing demand, keeping total SOL ETF AUM near the $790 million area (Coingape).

Conclusion

TSOL was the clear driver of recent SOL ETF outflows, while BSOL and GSOL posted inflows that partially offset those redemptions. The signal for investors is to track flows by fund, not just category totals, to understand rotation and positioning shifts.