SOL spot ETFs saw net outflows of $19.155 million on October 27.
This marked the largest single-day outflow since last December, all of which came from Grayscale’s GSOL. Total net assets across all SOL spot ETFs stood at $1.544 billion, with cumulative net inflows of $1.513 billion. SOL was trading at $101.87, up 1.92% on the day, holding above $100.
My take is that with the outflows concentrated in one fund while the price held above $100, this looks more like a redemption from a single fund than a broad market exit. One day’s figures aren’t enough to set the trend.
Would you view the $19.155 million as an isolated redemption from GSOL, or as the beginning of a shift in flows from SOL ETFs?
Follow me, and I’ll be the first to flag any sustained changes in SOL ETF flows.
#sol
This marked the largest single-day outflow since last December, all of which came from Grayscale’s GSOL. Total net assets across all SOL spot ETFs stood at $1.544 billion, with cumulative net inflows of $1.513 billion. SOL was trading at $101.87, up 1.92% on the day, holding above $100.
My take is that with the outflows concentrated in one fund while the price held above $100, this looks more like a redemption from a single fund than a broad market exit. One day’s figures aren’t enough to set the trend.
Would you view the $19.155 million as an isolated redemption from GSOL, or as the beginning of a shift in flows from SOL ETFs?
Follow me, and I’ll be the first to flag any sustained changes in SOL ETF flows.
#sol
