- Solana’s 22-day ETF inflow record was brought to an end as TSOL experienced $34.4 million outflows.
- Total SOL ETFs experienced $8.2 million in net outflows on November 26, reversing daily flows to the negative.
- Although there was outflow, most mutual funds experienced positive flows, indicating reorganization rather than bear sentiment.
Solana (SOL) has seen its impressive 22-day ETF inflow streak come to a halt, as TSOL recorded significant outflows. Analysts suggest that this may indicate short-term profit-taking or a temporary halt in investor accumulation, thus implying that investors might be reconsidering Solana’s near-term market momentum.
For several weeks, institutional money has contributed towards sustained increases in SOL ETF money, with funds experiencing constant positive money flows. At the forefront of these increased money flows was Bitwise’s BSOL, which attracted the most money in all the SOL ETFs listed in the market.
Solana ETF History Records First Negative Flow
However, the streak ended on November 26, when the total SOL ETFs reported $8.2 million in outflows. Although there were positive flows in most of the funds, the $34.4 million outflow in 21Shares Solana ETF (TSOL) was greater, thereby turning the daily flows negative for the first time in Solana ETF history.
Investors view this shift cautiously because such an outflow could denote the redistribution of portfolios rather than being actual bear sentiment. Nearly all the issuers reported positive inflows, hence indicating that money was merely being redirected from other funds.
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XRP ETFs See Continuous Daily Inflows
Although Solana broke its record of perfection, there are newly listed XRP ETFs experiencing unbroken daily inflows, a rather remarkable occurrence in today’s crypto market.
Cumulative inflows in XRP ETFs have already touched $643 million, with all four fund issuers showing positive inflow intake, according to SoSoValue. Inflows in Wednesday’s trading included $7.4 million in Bitwise XRP ETF, $5.2 million in Canary XRPC ETF, $4 million in Franklin Templeton XRPZ ETF, and $3.
Notably, this performance contrasts sharply with that of Bitcoin and Ether ETFs, which have shown several days of outflows in the face of market retreats.
Also Read | XRP Jumps 63% in a Year : Can It Hit a New All-Time High in 2025?
