SOL Spot ETFs Record Outflows on Two Consecutive Days
US SOL spot ETFs recorded net outflows on two consecutive days, according to SoSoValue. On 27 October, withdrawals totalled $19.155 million, all from Grayscale Solana Trust (GSOL). On 28 October, outflows eased to $5.66 million, with Bitwise Solana Staking ETF (BSOL) accounting for the full amount. Across the two days, the flow data points to short-term pressure on sentiment around SOL spot ETFs, but does not by itself confirm a broader shift in demand. As of 28 October, cumulative net inflows across US SOL spot ETFs stood at $1.507 billion and total net assets were $1.558 billion; BSOL had accumulated $1.156 billion in net inflows. The earlier 27 October figures showed $1.513 billion in cumulative fund inflows and $1.544 billion in net assets.
Neutral
Two consecutive days of net outflows from US SOL spot ETFs could weigh on SOL sentiment in the short term, especially if traders interpret the withdrawals as weakening institutional demand. However, the daily figures remain small compared with the funds’ cumulative inflows and assets, and the outflows came from different products on each day. The latest report also shows that BSOL retains substantial cumulative inflows. ETF flows are one indicator among many, and isolated withdrawals do not establish a lasting trend. If outflows persist or accelerate, they could add to selling pressure; if flows stabilise, the broader inflow base may help limit concern. On the information available, the likely price impact on SOL is limited and uncertain, supporting a neutral assessment.