Solana spot sell volume surpasses buy volume; US Solana ETFs see net outflows for second week.
Solana (SOL) spot-market sell volume has exceeded buying for the first time in over six months, signaling increased selling pressure. Concurrently, U.S. spot Solana exchange-traded funds (ETFs) recorded net outflows totaling $25.52 million for the week ending October 16, following $24.81 million in outflows the previous week. This marks two consecutive weeks of net withdrawals from these ETFs, reflecting cautious investor sentiment. The divergence between spot-market volume and ETF flows highlights separate trends in direct trading versus fund investments in Solana.
Solana (SOL) spot-market sell volume has exceeded buying for the first time in over six months, signaling increased selling pressure. Concurrently, U.S. spot Solana exchange-traded funds (ETFs) recorded net outflows totaling $25.52 million for the week ending October 16, following $24.81 million in outflows the previous week. This marks two consecutive weeks of net withdrawals from these ETFs, reflecting cautious investor sentiment. The divergence between spot-market volume and ETF flows highlights separate trends in direct trading versus fund investments in Solana.
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