U.S. spot SOL ETFs saw net outflows of about $25.52 million last week, marking ten consecutive trading days of outflows, while spot prices stabilized near $105.
On the afternoon of October 19, Cointelegraph reported that last week’s flows were approximately -$229 million for BTC, -$320 million for ETH, and -$25.52 million for SOL. Hong Kong has just launched another spot SOL ETF, while the U.S. has seen ten straight days of outflows. According to CoinGecko, spot SOL was around $105.68, up about 2.1% over 24 hours; BTC was around $82,715 and ETH around $2,431.
I read this as channel expansion happening alongside selling pressure from unlocks—not as a one-sided bearish narrative. There are more product entry points, but willingness to hold through U.S. ETFs is declining.
What matters more to me is whether the outflows will taper off. There are two invalidation conditions: if U.S. SOL ETFs record a single-day net inflow next week, or if spot falls below $100 on increased trading volume, I’ll consider the flow-driven narrative to have shifted.
Which do you think will come first: expanding access driving demand, or consecutive outflows weighing on valuations? I’m inclined to watch whether the streak of outflows can be broken.
$SOL $BTC $ETH
#Solana #ETF流向
On the afternoon of October 19, Cointelegraph reported that last week’s flows were approximately -$229 million for BTC, -$320 million for ETH, and -$25.52 million for SOL. Hong Kong has just launched another spot SOL ETF, while the U.S. has seen ten straight days of outflows. According to CoinGecko, spot SOL was around $105.68, up about 2.1% over 24 hours; BTC was around $82,715 and ETH around $2,431.
I read this as channel expansion happening alongside selling pressure from unlocks—not as a one-sided bearish narrative. There are more product entry points, but willingness to hold through U.S. ETFs is declining.
What matters more to me is whether the outflows will taper off. There are two invalidation conditions: if U.S. SOL ETFs record a single-day net inflow next week, or if spot falls below $100 on increased trading volume, I’ll consider the flow-driven narrative to have shifted.
Which do you think will come first: expanding access driving demand, or consecutive outflows weighing on valuations? I’m inclined to watch whether the streak of outflows can be broken.
$SOL $BTC $ETH
#Solana #ETF流向