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Solana ETFs Record $11.24 Million Outflow, Led by Bitwise and Grayscale Funds

Solana ETFs Record $11.24 Million Outflow, Led by Bitwise and Grayscale Funds

Solana spot ETFs posted $2.45 million in weekly net outflows through Jan. 30, with Grayscale GSOL leading losses, while Fidelity FSOL offset part of the decline with strong inflows.

SOL

Fact Check
The evidence from the provided primary sources strongly and consistently supports all claims made in the statement. Both sources, which appear to be from the same news outlet, corroborate the key financial figure, stating that US Solana spot ETFs experienced a total single-day net outflow of $11.24 million. This consistency on the primary data point increases the reliability of the claim. Furthermore, the sources collectively substantiate the second part of the statement regarding the funds leading the outflow. One source explicitly identifies the Bitwise SOL ETF (BSOL) as a contributor, while the other confirms that the Grayscale SOL ETF (GSOL) was a 'leading contributor' with a specific outflow of $2.15 million. The information is complementary, with no contradictions. Together, they directly support the assertion that the outflow was led by both Bitwise and Grayscale. The confidence level is high due to the direct and consistent corroboration across the sources, though not absolute, as the sources have a medium authority score.
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Summary

Solana spot ETFs saw $2.45 million in net outflows from Jan. 26–30 (ET), according to SoSoValue data. Grayscale’s GSOL led weekly withdrawals with $5.492 million, followed by Bitwise’s BSOL at $3.5821 million. Fidelity’s FSOL recorded $5.1398 million in inflows, partially compensating for outflows. The total ETF net asset value stood at $992 million, representing 1.50% of SOL’s market cap, while cumulative net inflows remain at $871 million.

Terms & Concepts
  • ETF (Exchange-Traded Fund): An investment fund that trades on exchanges and provides exposure to an underlying asset, such as a cryptocurrency, through a regulated vehicle.
  • Outflow: Net withdrawals from a fund over a given period, reflecting more redemptions or selling than new purchases.
  • NAV (Net Asset Value): The total value of a fund’s assets minus liabilities, often used to represent the fund’s overall size.