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Altcoins & DeFi

U.S. Spot Solana ETFs Post $12.7 Million Outflow for 10th Straight Session

Image: TokenPost

U.S. spot Solana (SOL) exchange-traded funds recorded $12.7 million in net outflows Friday, Oct. 16, extending their withdrawal streak to 10 consecutive trading sessions across the group. The daily outflow was larger than the $9.8 million recorded the previous session. The $12.7 million total covered all reported U.S. spot Solana funds, while the $9.8 million figure covered the preceding trading day. Withdrawals continued across both sessions, extending the run that began earlier in October. Bitwise Solana Staking ETF (BSOL) accounted for the full $12.7 million withdrawal. VSOL, FSOL, TSOL, SOEZ, MSOL and GSOL each recorded zero net flow, and none of the funds posted an inflow. The outflow was therefore concentrated entirely in BSOL, while the six other listed funds had no net change for the day.

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