US spot SOL ETFs post $4.8M daily net outflow
- —US spot SOL ETFs recorded a $4.8M net outflow for the day
- —Bitwise Solana Staking ETF (BSOL) was the sole contributor to the outflow
- —Total net assets of SOL ETFs stand at $1.854B, or 2.71% of SOL's market cap
- —Cumulative historical inflows into SOL ETFs reached $15.9B
Why it matters: The outflow points to weakening institutional demand for Solana amid a broader market correction.
Source: PANews