 
 
US spot Solana exchange-traded funds (ETFs) posted their first outflow of $8.10 million on Wednesday, breaking a 21-day streak of inflows since their launch last month, according to data source SoSoValue.
SOL ETFs Post Their First-Ever Outflow
A single ETF product primarily drove the net withdrawal, the 21Shares Solana ETF (TSOL), which experienced over $34 million in outflows. The ETF has recorded cumulative net outflows of $26 million since launch and has net assets of $86 million.
The rest of the Solana funds performed comparatively well, offsetting much of the withdrawals by TSOL. The Bitwise Solana Staking ETF (BSOL) continued to dominate with a $13.33 million single-day inflow, lifting its cumulative inflows to $527.79 million.
With the recent stream of net inflows, the longest uninterrupted run of positive flows among the crypto ETFs this year, the pure SOL ETFs now hold around $915 million worth of total net assets, representing approximately 1.15% of Solana’s total market capitalization.
The SOL inflows came as the more established Bitcoin (BTC) and Ethereum (ETH) ETFs are shedding investor money. In November alone, BTC funds have registered record net outflows of around $3.79 billion, while ether ETFs recorded over $120 million.
 
The recent flows into Solana ETFs suggest a drive for more exposure to the industry’s six-largest crypto asset even as market momentum stalls.
SOL lost around 1.1% on Thursday despite a broad rebound across the crypto market and is currently trading for $142.61, according to crypto data provider CoinGecko. Solana’s 30-day performance hovers around -29% and is down roughly 51.4% from its January lifetime high of $293.31.
While the SOL ETFs broke their inflow streak, their XRP counterparts have yet to see a withdrawal day. XRP ETFs have only witnessed daily inflows since going live, hitting a cumulative net inflow of over $640 million, SoSoValue data shows.