Markets· ★★★· bearish·

Spot Solana ETFs post $24.81M weekly net outflow

  • —Spot SOL ETFs logged $24.81M in net outflows for the week of Oct. 5–9
  • —Bitwise BSOL bled $20.94M; cumulative inflows still $1.2B
  • —Grayscale GSOL lost $3.75M as Morgan Stanley MSOL added $1.77M
  • —SOL ETF net assets total $1.73B, equal to 2.70% of SOL market cap
Why it matters: The weekly outflow points to softening institutional demand for SOL as the token's price slides.
#SOL
Source: PANews
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