SOL spot ETFs saw net outflows of about $24.8 million last week, ending a 14-week streak of net inflows.
The market is also discussing another piece of news: Hong Kong may list its second spot Solana ETF on October 13. However, this listing claim currently appears in only one source and remains unverified.
My view is that adding a new investment channel and investors being willing to put money into it are two different things. Existing fund-flow data show that SOL turned to net outflows last week. Meanwhile, spot Ethereum ETFs saw weekly net outflows of about $542 million. Seeing this shift as solely a problem with SOL may overlook a broader retreat from risk assets.
I could be wrong: one week of outflows does not necessarily signal a trend reversal, and there is no data yet on actual subscriptions after the new product launches. If the listing news is true, will the market first price in the new access point, or ask why existing investors are leaving?
The market is also discussing another piece of news: Hong Kong may list its second spot Solana ETF on October 13. However, this listing claim currently appears in only one source and remains unverified.
My view is that adding a new investment channel and investors being willing to put money into it are two different things. Existing fund-flow data show that SOL turned to net outflows last week. Meanwhile, spot Ethereum ETFs saw weekly net outflows of about $542 million. Seeing this shift as solely a problem with SOL may overlook a broader retreat from risk assets.
I could be wrong: one week of outflows does not necessarily signal a trend reversal, and there is no data yet on actual subscriptions after the new product launches. If the listing news is true, will the market first price in the new access point, or ask why existing investors are leaving?