Solana Spot ETF Market Experiences Significant Outflows

MevTears · 2026-02-15T08:01:59+00:00

On January 31, Solana spot ETFs experienced significant capital outflows, totaling $11.24 million, primarily driven by the Bitwise SOL ETF. Despite this, long-term interest remains strong, with historical net inflows of $871 million across such products.

MevTears

2026-02-15 08:01:59

Abstract generation in progress

On January 31, Solana spot ETFs underwent substantial capital outflows that caught market attention. Data compiled by SoSoValue revealed that on January 30 Eastern Time, the combined outflow reached $11.24 million across Solana’s ETF offerings. This single-day movement represents a notable shift in investor sentiment regarding Solana’s financial products.

The Bitwise SOL ETF BSOL led the outflow activity, registering a net outflow of $10.12 million during that trading session. Despite this recent pullback, the fund has accumulated a historical net inflow of $678 million since inception, demonstrating sustained investor interest over time. Concurrently, the Grayscale SOL ETF GSOL experienced outflows totaling $2.15 million, though its historical performance shows cumulative net inflows of $114 million.

Market Context and Asset Valuation

The aggregate impact of these outflows brought attention to the broader Solana spot ETF ecosystem. As of the reporting period, the total net asset value across all Solana spot ETFs reached $992 million, representing the cumulative market position of these instruments. Notably, Solana holdings comprise 1.50% of the net asset ratio, indicating their selective positioning within the portfolio mix.

Historical Performance Perspective

Looking at the complete picture, the cumulative historical net inflow into Solana spot ETFs stands at $871 million, signaling that despite the recent outflow event, these products have sustained positive investor capital accumulation since their inception. The recent outflow, while significant on a single-day basis, reflects normal market volatility rather than a fundamental shift in long-term investor positioning toward Solana’s spot ETF products.

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