A $34M TSOL redemption broke Solana ETFs’ 21-day inflow streak as capital rotated into XRP and other altcoin ETFs amid rising risk-off sentiment.
Solana’s string of uninterrupted ETF inflows came to an abrupt end on Wednesday, as U.S. spot Solana exchange-traded funds recorded $8.1 million in net outflows, according to data from SoSoValue.
Source: SoSoValue
The outflow marked the first negative session since the products launched earlier this month and broke a 21-day accumulation streak that had helped position Solana as one of the fastest-growing ETF markets among non-Bitcoin assets.
21Shares’ TSOL Dragged Solana ETFs Into Red, As Solana ETFs Hold Nearly $1B
The reversal was largely driven by the 21Shares Solana ETF, TSOL, which saw more than $34 million exit the fund in a single session.
TSOL has now registered $26 million in total net outflows since launch, with current net assets standing at $86 million.
While the sharp pullback from one issuer triggered the broader negative print, other Solana ETFs continued to attract steady capital, absorbing much of the imbalance.
Source: SoSoValue
The Bitwise Solana Staking ETF, BSOL, led inflows with a $13.33 million intake, bringing its cumulative total to $527.79 million.
The Grayscale Solana Trust also posted a strong day, adding $10.42 million, while Fidelity’s FSOL fund logged $2.51 million.
Combined, Solana ETF products now hold approximately 6.83 million SOL tokens valued at around $964 million, showing that institutional demand remains elevated even as short-term flows turn uneven.
Despite Wednesday’s setback, Solana spot ETFs ended the week with a net addition of nearly $103 million, pushing cumulative inflows to $613.22 million and total net assets to $917.99 million.
Source: SoSoValue
November alone has generated $414.01 million in inflows, surpassing the $199.21 million recorded in October during their debut month.
The mixed day for Solana ETFs contrasts with the momentum seen in the newly launched XRP products, which have yet to log a single outflow session.
XRP ETFs recorded another $21 million in combined inflows on Wednesday, lifting their cumulative total to $643 million.
The Bitwise XRP ETF led with $7.4 million, followed by Canary’s XRPC with $5.2 million and roughly $4 million each for Franklin Templeton’s XRPZ and Grayscale’s GXRP.
Elsewhere, Dogecoin ETF performance lagged expectations. The New York Stock Exchange approved the listing of Grayscale’s Dogecoin Trust ETF, but the product fell short of analyst estimates, with a debut of only $11 million.
Institutional Demand Lifts Bitcoin ETFs as Solana Market Indicators Turn Bearish
Meanwhile, Bitcoin ETFs continued their pattern of modest strength, adding $21.12 million on November 26 despite recent volatility.
