When did SOL ETF first outflow?

TLDR

The first net outflow for U.S. spot Solana (SOL) ETFs occurred on 26 Nov 2025 (UTC), ending their post?launch inflow streak. This was about $8.1 million in net redemptions, the first red day since debut (report).

1. Size and timing: about $8.1 million on 26 Nov 2025, the first outflow since launch (report).
2. Issuer mix: 21Shares TSOL saw about $34.37 million out, partially offset by inflows at Bitwise and Grayscale ([report above]).
3. Streak broken: the outflow ended a roughly 21?day inflow run since late October launch (coverage).

Deep Dive

1. Date and Magnitude

The first net outflow printed on 26 Nov 2025 (UTC) and totaled about $8.1 million, marking the first negative daily flow since launch. Multiple outlets pointed to Wednesdays print being the first red day and quantified the outflows around that level (report).

2. Issuer Breakdown

Flows were uneven across issuers. The days net redemptions were led by 21Shares TSOL with about $34.37 million out, while Bitwises BSOL and Grayscales GSOL posted inflows that offset part of the withdrawal ([report above]).

1. TSOL led the outflows with a single?day withdrawal around $34 million ([report above]).
2. BSOL added about $13.33 million and GSOL about $10.42 million, cushioning the net figure ([report above]).

3. Streak Ends, Context

This print ended a roughly 21?day inflow streak from the late October debut, a stronger start than prior crypto ETF launches in some comparisons (coverage).

1. The streak length and the one?day net outflow suggest normal volatility in flows rather than a structural break in demand ([coverage above]).
2. Flow prints near month?end often reflect rebalancing and can whipsaw day to day, so single?day signals should be treated with caution ([coverage above]).

Conclusion

The first net outflow for SOL ETFs arrived on 26 Nov 2025, driven mainly by one issuer while others still attracted capital. The move broke a long inflow streak but, taken in isolation, looks like a routine flow fluctuation rather than a clear shift in the broader demand trend.