Solana ETF Outflows Reach Ten Straight Days, Totaling $50.5M
Solana ETF outflows have run ten straight trading days to October 16, totaling $50.5M, with Bitwise BSOL at $39.8M of it. See the Farside fund-by-fund table.
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US spot Solana funds have now lost money on ten trading days in a row. The Solana ETF outflows ran from October 5 to October 16 and add up to $50.5 million, going by the Farside Investors flow table. The last day with a net inflow was October 2, when the funds took in $1.3 million.
Ten days of Solana ETF outflows, one big name
Bitwise's BSOL is the largest fund on the table and it carries most of the weight. It posted outflows on eight of the ten days and lost $39.8 million across the streak. The fund still shows $1,180 million of net inflows since launch, so the selling so far is a small slice of its running total.
The other funds barely moved. Grayscale's GSOL lost $3.7 million on October 6 and $6.0 million on October 15. Fidelity's FSOL had a single outflow of $2.1 million on October 5, and VanEck's VSOL lost $0.7 million on October 12. Morgan Stanley's MSOL took in $1.8 million on October 8, the one small inflow in the stretch.
Farside's Solana ETF flow table with daily US$ million flows. Source: Farside Investors.
The latest day was the biggest of the run
Friday, October 16, brought $12.7 million out, all of it from BSOL. It was the largest single day of the ten, and it topped the $12.5 million lost on September 30.
The pace has picked up at the end. From October 12 to 14 the daily figures were under $2 million. Then came $9.8 million on Thursday and $12.7 million on Friday.
Two equal weeks of Solana ETF outflows
Cut the streak in half and the two weeks look nearly the same. Week one, October 5 to 9, lost $25.0 million. Week two cost $25.5 million. The first week was spread across several funds, while the second leaned on BSOL.
We covered the previous five-session slide on October 11. That slide lasted five sessions, so the current run is twice as long.
Where the money sits by fund
The table also shows each fund's running total since launch. BSOL leads at $1,180 million, about 76% of the table. Fidelity's FSOL holds $230.5 million and Grayscale's GSOL $159.9 million. Morgan Stanley's MSOL is at $42.5 million, VanEck's VSOL at $20.4 million and SOEZ at $13.3 million.
One fund is negative. 21Shares' TSOL shows minus $97.5 million in its total column. It has not moved during the ten-day run.
What the Solana ETF outflows add up to
The table's total row reads $1,549 million of net inflows since launch. The ten-day outflow is about 3% of that. Next to Bitcoin and Ether funds the daily numbers look tiny, and the size of the total explains part of it. The Solana ETF outflows so far have dented the running figure only slightly.
SOL itself traded near $103.46 on Binance on October 17, down about 0.7% on the day.
Daily flow figures can be revised, so treat these as of October 16. This article describes fund flows and is not investment advice on SOL.
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Faith Njeri covers DeFi protocols, exploits and onchain security for Times of Crypto Era. Project post-mortems and governance proposals are read in full, and each incident is traced back to the team's own disclosure.
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