$SOL Spot ETFs Outflow $11.1M on September 30 - Rebalancing After Record Week?
Solana spot ETFs have gone into the red.
On September 30, US spot $SOL ETFs posted an outflow of -$11.1M, ending a 12-week inflow streak that posted a record week of $188.21M (Sept 21-25).
It is the second-biggest daily outflow since launch. The total AUM has shrunk from a high of $1.1B to ∼$727M, indicating de-risking by institutions.
What happened?
- Last week: +$188M inflows (record) - SOL price at $120
- Sept 29: +$12.7M inflows (80% lower than Friday's $86.7M)
- Sept 30: *-$11.1M outflow* - Asset managers de-risking themselves, taking risk-off position, quarterly rebalance
Market Effect:
SOL traded around $120 (intraday fall of 4.2%), 24H volume of $1.84B. ETF outflow does not imply direct sale of SOL but acts as a proxy for institutional mood. OI remains above $3B but retail leverage washed out.
One day does not make a trend. Continued outflows of 2-3 days will mean we should focus on $113 support level. If inflows resume, resistance at $125 will be tested.
Is this a normal retracement or beginning of rotation to $BTC ?
#sol #solana #etf #BTC
Solana spot ETFs have gone into the red.
On September 30, US spot $SOL ETFs posted an outflow of -$11.1M, ending a 12-week inflow streak that posted a record week of $188.21M (Sept 21-25).
It is the second-biggest daily outflow since launch. The total AUM has shrunk from a high of $1.1B to ∼$727M, indicating de-risking by institutions.
What happened?
- Last week: +$188M inflows (record) - SOL price at $120
- Sept 29: +$12.7M inflows (80% lower than Friday's $86.7M)
- Sept 30: *-$11.1M outflow* - Asset managers de-risking themselves, taking risk-off position, quarterly rebalance
Market Effect:
SOL traded around $120 (intraday fall of 4.2%), 24H volume of $1.84B. ETF outflow does not imply direct sale of SOL but acts as a proxy for institutional mood. OI remains above $3B but retail leverage washed out.
One day does not make a trend. Continued outflows of 2-3 days will mean we should focus on $113 support level. If inflows resume, resistance at $125 will be tested.
Is this a normal retracement or beginning of rotation to $BTC ?
#sol #solana #etf #BTC
