Solana spot ETFs post $1.24 million weekly net outflow as Grayscale fund leads declines

According to SoSoValue, Solana spot ETFs saw $1.24 million in net outflows from April 27 to May 1, while XRP spot ETFs also posted a smaller weekly withdrawal despite higher total net assets.

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Summary

According to SoSoValue data for April 27 to May 1, Solana spot ETFs recorded a combined net outflow of $1.24 million, with Grayscale SOL Trust accounting for nearly all of the withdrawals. Total net assets for Solana spot ETFs stood at $858 million. Over the same period, XRP spot ETFs posted a net outflow of $35,200, while total net assets in that category reached $1.06 billion. The figures indicate that both Solana- and XRP-based spot ETF products experienced modest weekly redemptions during the period.

Terms & Concepts
  • Spot ETF: An exchange-traded fund designed to track the current market price of an underlying asset directly rather than through futures contracts.
  • Net outflow: The net amount of investor money leaving a fund over a period after accounting for any new inflows.
  • Net assets: The total value of a fund’s assets after liabilities, commonly used to show the size of an ETF product or category.