Which fund drove SOL ETF outflow?

TLDR

It was 21Shares TSOL. A single-day redemption of about $34.37 million from TSOL drove Solana (SOL) ETFs first net outflow day since launch, roughly $8.1 million overall per Decrypt.

1. Bitwises BSOL, Grayscales GSOL, and Fidelitys FSOL posted inflows that partially offset TSOLs withdrawal reported by Cryptonews.
2. Net asset value across SOL ETFs remains large, suggesting demand is intact despite uneven flows per Decrypt.
3. The outflow occurred on 27 Nov (UTC), ending a 21?day streak of inflows per Decrypt.

Deep Dive

1. TSOL Redemption

The reversal was led by 21Shares TSOL with about $34.37 million in a single-day withdrawal, which tipped aggregate SOL ETF flows negative for the day. That session totaled ~$8.1 million net outflows across all SOL ETFs per Decrypt.

2. Offsetting Inflows

Other issuers added capital the same day, softening the impact. Reported inflows included about $13.33 million to Bitwises BSOL, $10.42 million to Grayscales GSOL, and $2.51 million to Fidelitys FSOL per Cryptonews.

1. The offsets highlight issuer dispersion and differing investor bases per Cryptonews.
2. VanEck was largely neutral that day, which limited further downside per Coinspeaker.

3. Context And Scale

This was the first red day since launch after a multi-week inflow streak, with SOL ETFs still holding roughly ~$915 million in assets and about 1.15% of SOLs market cap at the time per Decrypt.

1. The streak break marks a cooling of momentum, not necessarily a trend change per Decrypt.
2. Continued monitoring of issuer-level flows will show if the TSOL-led outflow was an isolated event or the start of broader rotation per Cryptonews.

Conclusion

21Shares TSOL drove the SOL ETF outflow day, while Bitwise, Grayscale, and Fidelity posted inflows that partly offset it. If TSOL redemptions continue, it could signal shifting demand within issuers rather than systemic weakness. Monitor daily flow persistence and issuer dispersion to gauge whether this was a one-off rotation or a trend.