Solana ETFs See $8M Outflow as Market Flows Shift Rapidly

Solana’s spot ETFs saw their first setback since launch, signaling a notable shift in market flows. The group registered $8.1 million in net outflows on Wednesday, ending a perfect multi-week inflow streak that had supported strong institutional demand. The reversal emerged as investors rotated between issuers, reassessed short-term volatility, and reacted to changing liquidity conditions across digital asset markets. 

TSOL Outflows Shift ETF Momentum

Data from SoSoValue showed that a single issuer caused most of the pressure. The 21Shares Solana ETF posted $34.37 million in withdrawals, extending its cumulative net outflows to $26 million, while its assets settled near $86 million. 

Source: SoSovalue

Besides this significant movement, the remaining Solana funds helped soften the overall impact. The Bitwise Solana Staking ETF continued to attract interest, adding over $13 million and lifting its total inflows above $527 million. Moreover, the Grayscale Solana Trust collected more than $10 million, and Fidelity’s FSOL fund added $2.5 million.

Data from Solana Strategic Reserve showed that all Solana ETFs collectively hold about 6.83 million tokens. Their combined value stands close to $964 million, reflecting sustained institutional positioning even during short-term fluctuations.

Price Action Steadies Despite ETF Pressure

Solana’s market price remained stable during the ETF turbulence. SOL traded near $141.14, showing a 3.54% increase over the past day. Its market cap approached $79 billion, supported by a circulating supply of roughly 560 million tokens. However, analysts signaled caution despite the mild recovery.

Source: X

Umair Crypto observed weakness in recent trading behavior. He noted that Solana rejected the $138 value-area-low with declining buy volume. Hence, he suggested that the chart could drift toward the $120 liquidity level if demand remains weak. 

He also pointed to the $128 zone as a key threshold. A breakdown could pull the market lower, while a defense could allow a head-and-shoulders structure to form.

Long-Term Drivers Remain Strong

Gordon offered a different angle. He highlighted strong on-chain activity and solid ETF inflows recorded before the correction. Additionally, he mentioned that Solana’s inflation reduction proposal could improve long-term value dynamics. 

Hence, he argued that the broader trend remains intact. He projected the possibility of Solana reaching $500 by 2026 if adoption continues to grow.