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SOL Spot ETFs Record $15.4 Million Net Outflow as Bitwise Solana Staking ETF Leads

On April 7, SOL spot ETFs shifted from the prior day’s modest inflow to notable withdrawals, led by Bitwise Solana Staking ETF, while total net assets declined to $776 million.

SOL

Summary

SOL spot ETFs posted $15.4 million in net outflows on April 7, reversing the $247,000 net inflow reported on April 6. Bitwise Solana Staking ETF led the day’s withdrawals with $13.34 million in net outflows, followed by Grayscale Solana Trust at $1.82 million. Total net assets for the category fell to $776 million, while cumulative net inflows stood at $965 million.

Terms & Concepts
  • Spot ETF: An exchange-traded fund that directly holds the underlying asset, providing market exposure without requiring investors to own the asset themselves.
  • Net outflows: The net amount of money withdrawn from a fund after accounting for any new investments during a given period.
  • Solana Staking ETF: A Solana-linked fund that may combine spot exposure with staking-related yield mechanisms tied to the Solana network.