U.S. Spot Solana ETFs Extend Outflow Streak to Six Sessions

U.S. spot Solana (SOL) exchange-traded funds recorded $1.9 million in net outflows on Nov. 12, extending a six-session withdrawal run even as the daily loss narrowed from the prior session. The daily outflow was smaller than the $5.9 million recorded on Nov. 11, but it kept the category's withdrawal streak intact.

FSOL recorded $3.6 million in net outflows, the largest withdrawal among the funds, while Bitwise Solana Staking ETF (BSOL) had the largest inflow, at $1.7 million. VSOL, TSOL, SOEZ, MSOL and GSOL each had zero net flow. All reporting funds were included in the category total, so zero-flow funds formed part of the calculation without changing its result.

The six-session run covered Nov. 5, Nov. 6 and each trading day from Nov. 9 through Nov. 12. The latest five trading sessions fell within that streak and totaled $53.1 million in net outflows. On Nov. 11, the funds recorded $5.9 million in net outflows.

Cumulative net flows since launch stood at $1,406.0 million, a total covering a longer period than the recent outflow streak. The current run follows two consecutive weeks of outflows in October, including $25.52 million in the week ended Oct. 16 and $24.81 million in the preceding week. The cumulative figure spans a longer period than both the six-session streak and the latest five-session window.