Key Insights
- Solana ETF saw first day of outflows on Thursday, ending a 21-day run of steady inflows.
- The products posted a combined $8.1 million in net outflows, all driven by the 21Shares Solana ETF.
- TSOL alone saw $34 million pulled, while the other Solana ETFs still managed to attract fresh inflows.
Solana ETF flows hit the first day of outflows on Thursday which broke a 21-day streak of steady inflows.
All of the spot Solana ETF products recorded a total of $8.1 million net outflows with the entire withdrawals contributed by 21Share Solana ETF.
TSOL posted $34 million in withdrawals while the rest of the products posted net positive inflows.
21Shares Solana ETF Dominates Outflows With $34.37M in Single-Day Withdrawals
The Solana ETF market stumbled on Wednesday after three straight weeks of steady gains. Data showed the products posted $8.1 million in net outflows, snapping a 21-day streak of uninterrupted inflows.
The reversal was driven mainly by the 21Shares Solana ETF, known as TSOL. More than $34 million left the fund in a single trading session, pushing its total net outflows since launch to $26 million. Still, TSOL continues to hold $86 million in net assets.
Even so, the overal SOL ETF market was not entirely negative. Other Solana ETFs continued to draw in fresh money, helping absorb and soften the impact of the sharp pullback from one issuer.
The Bitwise Solana Staking ETF led the way again after pulling in $13.33 million in a single day. That steady demand lifted its total inflows to an impressive $527.79 million.
At the same time, support came from other big players. Funds linked to Grayscale and Fidelity added $10.42 million and $2.51 million, helping to offset the day’s weaker spots.
Even now, institutions continue to show up. Solana ETFs now hold around 6.83 million SOL—about $964 million in value.
That’s a sizable position, and it shows investors aren’t backing away from Solana even with the recent price swings.
By contrast, the mood is far weaker elsewhere. Early excitement around Dogecoin ETFs faded quickly, with Grayscale’s GDOG fund seeing inflows sink by 80% on its second day to just $365,000.
Key Solana (SOL) Price Drivers: Can SOL Price Reach $500 By 2026?
Solana (SOL) price has another major move on the cards. The chart shows the long consolidation phase has almost ended.
Right now the price is now transitioning into a new expansion range. Support has held through multiple pullbacks, and the latest structure favors continuation rather than breakdown.
Momentum is no longer just technical. On-chain activity remains strong. ETF inflows are adding consistent demand.
At the same time, the proposed inflation reduction is strengthening the long-term supply outlook. Top analyst Gordon Gekko said SOL is far from done.
He pointed to rising network activity, steady institutional inflows, and improving token economics as key reasons why $500 by 2026 is still clearly in play for SOL price.
SOL Price is no longer making aggressive lower lows. Instead, it is forming a shallow base, often the first signal that downside momentum is fading.
Still, this is not a confirmed reversal yet. For that to happen, buyers must step in with real force.
Without stronger demand, the structure remains fragile. A pause alone is not enough to mark a lasting bottom.
Top analyst Ted Pillows said Solana treasury companies are now showing early signs of recovery. That shift matters.
These firms tend to move ahead of broader sentiment, and their behavior often hints at what may come next.
In the days to come, all eyes will be on Solana’s reaction to the overall crypto market swings, according to analyst observations.
They also noted that steady ETF inflows (or the lack of them) could quickly shape the next major SOL price move.
Source: https://www.thecoinrepublic.com/2025/11/28/solana-etf-flow-breaks-21-day-streak-after-recording-8-2m-total-outflows/
