SOLANA ETF UPDATE
$SOL spot ETFs flipped back into net outflows on September 8, with total net outflow of around $667.7K.
The main pressure came from GSOL, which recorded about $1.17M in outflows.
Meanwhile, TSOL still attracted roughly $500K in inflows, which helped offset part of the selling.
The outstanding float is currently around $1.431B.
So now the main question is:
Was this just one round of profit-taking, or will the next GSOL flow data show another dump? 👀
If GSOL keeps seeing repeated outflows, it could add short-term pressure on SOL. But if flows stabilize or turn positive again, this dip may simply be a temporary reset rather than a bigger bearish signal.
$SOL spot ETFs flipped back into net outflows on September 8, with total net outflow of around $667.7K.
The main pressure came from GSOL, which recorded about $1.17M in outflows.
Meanwhile, TSOL still attracted roughly $500K in inflows, which helped offset part of the selling.
The outstanding float is currently around $1.431B.
So now the main question is:
Was this just one round of profit-taking, or will the next GSOL flow data show another dump? 👀
If GSOL keeps seeing repeated outflows, it could add short-term pressure on SOL. But if flows stabilize or turn positive again, this dip may simply be a temporary reset rather than a bigger bearish signal.