Back
Solana Spot ETFs Record $2.22 Million in Single-Day Net Outflows

Solana Spot ETFs Record $2.22 Million in Single-Day Net Outflows

Farside data shows U.S. Solana spot ETFs saw $2.22M withdrawals on Jan. 29, with GSOL and BSOL contributing and total assets nearing $1B despite strong cumulative inflows.

SOL

Summary

On Jan. 29, U.S. Solana spot ETFs posted combined net outflows of $2.22 million, according to Farside data. Grayscale’s GSOL led with $1.29 million withdrawn, while Bitwise’s BSOL saw $0.93 million in redemptions. Their combined net asset value stood at $999 million, with historical cumulative inflows totaling $882 million since launch.

Terms & Concepts
  • Solana: A high-throughput layer-1 blockchain designed for scalable applications and payments.
  • SOL: The native token of Solana used for transaction fees, transfers, and staking.
  • ETF outflow: The net amount leaving an exchange-traded fund over a period, reflecting redemptions minus subscriptions.