Solana Spot ETFs Log $26.25 Million Weekly Outflow

Solana spot exchange-traded funds recorded $26.2521 million in net outflows over five U.S. trading sessions from Nov. 2 through Nov. 6, according to the published fund-flow data. The week followed a record $71.47 million net outflow from Oct. 26 through Oct. 30.

The second outflow was materially smaller, but it did not reverse the direction of travel. The latest total sat $45.2179 million below the prior week and equaled about 37% of that record outflow. In other words, redemption pressure continued at a slower weekly pace.

Bitwise’s BSOL led the decline with $14.4424 million in outflows. That represented roughly 55% of the group total. Grayscale SOL Trust’s GSOL shed $6.2442 million, accounting for about 24%. Their combined $20.6866 million covered nearly 79% of all outflows reported for the five sessions.

By comparison, BSOL’s outflow was about 2.3 times GSOL’s. The published figures did not assign weekly totals to the other funds, leaving roughly 21% of the group outflow outside the two products named above. That concentration matters for anyone tracking where subscriptions and redemptions sit across the product line.

The funds still carried substantial historical inflows. Bitwise reported historical net inflows of $1.11 billion for BSOL, while Grayscale SOL Trust reported $122 million for GSOL. Across the funds covered by the data, cumulative net inflows stood at $1.44 billion.

Total net assets were $1.31 billion at the time of the update. That is a separate measure from cumulative net inflows. The first tracks the net value of assets held at the update; the second tracks the accumulated difference between subscriptions and withdrawals over the funds’ history.

What does the outflow change for Solana ETF investors?

It confirms that the pullback seen during the record-outflow week continued into the following week, although at a much lower pace. The latest figure reduced the weekly outflow by 63.3%, yet still marked a net contraction rather than a return to inflows.

The $1.44 billion cumulative inflow total and $1.31 billion in net assets show that the group remained far larger than any single week’s withdrawals. Those figures are not interchangeable, however, because asset values can also move with the market.

Operationally, BSOL was the main outlet for the latest pullback, with GSOL second. Investors watching exposure through either product would see the flow impact concentrated there, while the undisclosed portion of the group cannot be assessed product by product from the available data.

The update also provides weekly totals only. It does not show daily timing, the pace of redemptions within each session or the assets attributable to each remaining fund. That limits any attempt to read the record as a single day of selling; the evidence supports a five-session net outflow, not a more granular claim.

The next weekly flow window is the practical test. A third consecutive net outflow would show that the moderation did not stabilize subscriptions, while a return to inflows would mark a clearer break from the two-week pattern.

For now, the defensible conclusion is narrow: $26.2521 million left the reported group, BSOL and GSOL drove most of it, and the previous week’s record still sets the comparison point. The coming update will show whether this was a pause in pressure or a slower form of the same demand.