Solana ETF is experiencing a wave of outflows — what is behind the numbers

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On January 30 and 31, Solana spot ETFs experienced significant changes in capital flows. According to SoSoValue reports, the situation was notable — on January 30 (Eastern Time), the total net outflow from Solana spot ETFs reached $11.24 million. This development highlights shifts in institutional investor interest in Solana tokens throughout January.

Bitwise BSOL and Grayscale GSOL Are Taking Different Paths

A detailed look at individual ETF funds reveals an interesting divergence in their trajectories. Bitwise SOL (BSOL) experienced a one-time net outflow of $10.12 million, although its historically accumulated net inflow remains solid at $678 million. Grayscale SOL (GSOL) performed similarly with a net outflow of $2.15 million, but its long-term performance remains positive with a historical net inflow of $114 million.

Overall State of the Solana ETF Market

According to the latest data, the total net asset value of Solana spot ETFs is $992 million. While net outflows are occurring, Solana’s market share in ETFs remains stable at 1.50%. The total historical net inflow into Solana ETFs has reached $871 million, indicating that the long-term trend remains positive despite short-term fluctuations. Currently, SOL is priced at $84.33, providing context for the dynamics of their ETF funds within the broader market.

SOL4,25%
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