Which ETFs saw SOL outflows?

TLDR

The 21Shares Solana ETF (TSOL) saw the outflows, with a single-day redemption of about $34.37 million that flipped SOL ETFs to a net red day for the first time since launch per a market update.

1. Net SOL ETF flow was about negative $8.10 million that day, ending a 21-day inflow streak per the report.
2. Other issuers had inflows that partly offset TSOLs redemption, including Bitwise BSOL and Grayscale GSOL per coverage.

Deep Dive

1. Outflow Driver

The outflows were concentrated in 21Shares Solana ETF (TSOL). A single-day redemption of roughly $34.37 million drove the first net outflow day for SOL ETFs since launch. This broke a clean 21-day inflow streak and marked a shift in daily flow momentum per a market update.

2. Offsetting Inflows

Other SOL funds posted inflows that partially offset TSOLs redemption. Bitwises BSOL added about $13.33 million and Grayscales GSOL about $10.42 million that day, indicating demand remained uneven but present outside TSOL per coverage.

3. Context and Implications

The net outflow totaled about $8.10 million and ended a 21-day inflow streak since debut, with SOL ETF assets still near $915 million afterward. This was the first red session for SOL ETFs despite prior resilience relative to other crypto ETF segments per the market update.

Conclusion

Only 21Shares TSOL showed material SOL outflows in the past week, and that single redemption caused the first net outflow day for the SOL ETF set. The rest of the complex saw inflows that tempered the impact. The key is whether redemptions broaden beyond TSOL in coming sessions or revert to the prior inflow trend.