Markets· ★★★· bearish·

Solana spot ETFs post $17.3M net outflows despite JPMorgan fund launch

  • —SOL ETFs bled $17.3 million in net outflows from Oct. 19 to Oct. 22
  • —The outflows coincided with JPMorgan's fund launch on Solana
  • —Flow data was compiled by SoSoValue
Why it matters: Investors pulled money from SOL ETFs even as positive network news piled up, signaling soft institutional demand for the asset.
Source: Coinotag