Solana spot ETF experienced $2.22 million in outflows yesterday

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According to market data platform SoSoValue, on January 16th, Eastern Time, the overall Solana spot ETF products experienced capital outflows, with a single-day net outflow of $2.22 million. This fluctuation reflects the market’s short-term adjustment attitude towards SOL-type ETF products. Notably, despite recent funding pressures, the total assets of Solana ETFs remain at $1.21 billion.

Grayscale GSOL Product Faces the Greatest Pressure

In this capital outflow, Grayscale’s Solana spot ETF product GSOL performed the most significantly, with a single-day net outflow of $1.92 million. However, from a long-term perspective, this product has still maintained a net inflow historically, with total inflows reaching $119 million, indicating that GSOL, as one of the earliest Solana spot products on the market, continues to be favored by institutional investors.

21shares TSOL Has a Long-Term Net Outflow

In contrast, the Solana spot ETF product TSOL issued by 21shares faces a more severe situation. The product experienced a net outflow of $726,000 yesterday. More notably, its cumulative net outflow has surpassed the $100 million mark, reaching $102 million. This reflects market differentiation in recognition of Solana ETF products issued by different providers.

Overall Scale and Inflow Pattern

As of the reporting time, the total net asset value of Solana spot ETFs remains at $1.21 billion, with Solana’s net asset ratio at 1.48%. From a long-term perspective, these products have accumulated net inflows of $864 million, indicating that despite volatility, Solana spot ETFs continue to maintain stable attractiveness. The short-term outflow of $2.22 million does not alter the long-term trend of continuous capital inflows.

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