Solana Spot ETF Faces Notable Capital Outflows

AirdropCollector · 2026-02-10T01:14:56+00:00

In late January, Solana spot ETFs saw significant investor redemptions, totaling $11.24 million. The Bitwise and Grayscale SOL ETFs led the outflows, but both maintain strong historical net inflows. This reflects market sentiment shifts while highlighting ongoing interest in Solana.

AirdropCollector

2026-02-10 01:14:56

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Solana spot ETF products experienced a wave of investor redemptions in late January, marking a significant shift in market sentiment. According to data aggregator SoSoValue and reported by PANews, the period ending January 30 (Eastern Time) recorded substantial capital withdrawals from these investment vehicles, highlighting evolving investor positioning in the Solana ecosystem.

Bitwise and Grayscale SOL ETF Record Individual Withdrawals

The Bitwise SOL ETF (BSOL) led the outflow activity, with a single-day capital withdrawal of $10.12 million. Despite this recent pullback, the ETF maintains a robust historical trajectory, having accumulated $678 million in net inflows since inception. Meanwhile, Grayscale’s SOL ETF (GSOL) experienced its own redemptions, with $2.15 million in outflows on the same trading day. The Grayscale product has similarly built a solid foundation with $114 million in cumulative net inflows historically.

Broader Market Dynamics in Solana ETF Landscape

The combined net outflow of $11.24 million across both major Solana ETF products provides insight into the current state of the overall market. As of the reporting date, total assets held within Solana spot ETF vehicles stood at $992 million, with Solana representing 1.50% of the net asset ratio. Since these ETF products entered the market, they have collectively attracted $871 million in cumulative net inflows, demonstrating sustained interest in gaining regulated exposure to the Solana blockchain despite periodic profit-taking activity.

The outflow pattern reflects typical market behavior where investors adjust positions following price movements or market volatility, while the substantial historical net inflows underscore the enduring appeal of Solana ETF products as a vehicle for institutional and retail participation in the ecosystem.

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