Which Solana ETFs saw outflows?

TLDR

The 21Shares Solana ETF (TSOL) is the fund that posted outflows this week, including a large redemption on Nov 26 that flipped category flows negative per a market update.

1. Nov 26 saw about $8.1M net outflows for Solana ETFs, driven by a $34.37M TSOL redemption per the report.
2. Other issuers had inflows that day (BSOL +$13.33M, GSOL +$10.42M, FSOL +$2.5M) per the coverage.

Deep Dive

1. TSOL Outflow Details

The outflow narrative centers on 21Shares TSOL, which recorded a one?day redemption of about $34.37M on Nov 26, turning the overall Solana ETF category to ~$8.1M net outflows for the day per the market update.

• Subsequent flow snapshots continued to show TSOL withdrawals (for example, $1.38M out on Nov 28) while peers saw inflows per the flow recap.
• Since launch, TSOL has accumulated net outflows, while category AUM remains near the high hundreds of millions per the weekly lookback.

2. Peers Saw Inflows The Same Day

Even on the outflow day, other Solana ETFs had inflows: Bitwises BSOL added $13.33M, Grayscales GSOL $10.42M, and Fidelitys FSOL $2.5M per the coverage.

• This mixed pattern suggests rotation among issuers rather than a uniform exit. Some coverage also noted rotation into non?SOL crypto ETFs (for example, XRP) during risk?off periods per the market writeup.
• On Nov 28, category net inflows resumed ($5.37M), led by GSOL ($4.33M) and FSOL ($2.42M), while TSOL had $1.38M net outflows per the flow recap.

Conclusion

Only 21Shares TSOL showed meaningful outflows in the past week, with peers generally recording inflows on the same days. Flows have been mixed but resilient, so track issuer?level flow splits and whether category net inflows re?establish after any single?fund redemptions.