U.S. spot Solana ETFs see $12.7M outflows, extending 10-day withdrawal streak
U.S. spot Solana (SOL) exchange-traded funds experienced $12.7 million in net outflows on October 16, marking the 10th consecutive trading session of withdrawals. The outflows were entirely from the Bitwise Solana Staking ETF (BSOL), while six other Solana funds showed no net change. Over the last five sessions from October 12 to 16, these funds saw a combined $25.5 million in outflows. Despite this recent trend, the total cumulative net flow since the funds' launch remains positive at $1.549 billion, indicating sustained investor interest over the long term.
U.S. spot Solana (SOL) exchange-traded funds experienced $12.7 million in net outflows on October 16, marking the 10th consecutive trading session of withdrawals. The outflows were entirely from the Bitwise Solana Staking ETF (BSOL), while six other Solana funds showed no net change. Over the last five sessions from October 12 to 16, these funds saw a combined $25.5 million in outflows. Despite this recent trend, the total cumulative net flow since the funds' launch remains positive at $1.549 billion, indicating sustained investor interest over the long term.
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