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Solana ETFs Post First Net Outflow After 21 Days, Then Show Early Rebound

A single 21Shares redemption drove the setback, signaling issuer‑level noise rather than a broad shift in demand.

Overview

  • Spot Solana funds recorded about $8.1 million in net outflows on Nov. 27, ending a 21‑day streak of uninterrupted inflows tracked by SoSoValue.
  • 21Shares’ TSOL saw roughly $34 million withdrawn in one session and now sits near $86 million in assets with about $26 million in net outflows since launch.
  • Bitwise’s BSOL, Grayscale’s GSOL, and Fidelity’s FSOL attracted new money on the outflow day, and Nov. 28 brought a partial recovery with roughly $5.37 million of net inflows led by GSOL and FSOL while BSOL logged zero flow and TSOL remained negative.
  • Across issuers, Solana ETFs hold about 6.83 million SOL valued near $964 million, with total net assets around $918 million and cumulative inflows since launch near $613 million.
  • On‑chain activity has softened, with active addresses down about 6% and fees off 16% over the week as SOL trades around $136–$141 and roughly 30% lower over 30 days.