Solana ETF Outflows Hit $8.2 Million, Breaking 21-Day Inflow Streak

• What Triggered the Solana ETF Outflows?
• How Does This Compare to Other Crypto ETFs?
• Breaking Down the $8.2 Million Outflow
• Historical Context: Solana ETF Performance
• What Are Analysts Saying?
• Technical Perspective: Key SOL Levels to Watch
• Investor Takeaways
• Frequently Asked Questions

The solana ETF market has seen a dramatic shift as outflows reached $8.2 million, snapping a 21-day inflow streak. This development raises questions about investor sentiment toward Solana amid broader market trends. Below, we break down the data, analyze potential causes, and explore what this means for SOL traders.

What Triggered the Solana ETF Outflows?

After 21 consecutive days of inflows totaling over $120 million (per CoinMarketCap data), the Solana ETF market abruptly reversed course on November 29, 2025, with $8.2 million exiting the fund. This marks the first net outflow since early November. Analysts at BTCC suggest the shift could reflect profit-taking after SOL's 18% rally last week, though some traders speculate about deeper concerns regarding network congestion fees.

How Does This Compare to Other Crypto ETFs?

Interestingly, Bitcoin and ethereum ETFs maintained modest inflows during the same period (TradingView data shows +$3.1M and +$1.7M respectively). The Solana outflow stands out as an anomaly—historically, SOL ETFs have mirrored broader crypto ETF trends since their 2024 launch. "This divergence suggests SOL-specific factors at play," noted a BTCC market strategist, pointing to the recent memecoin trading frenzy on Solana that may have spooked institutional investors.

Breaking Down the $8.2 Million Outflow

The outflow composition reveals telling details:

Notably, 67% of outflows occurred before noon EST, coinciding with Asia-Pacific market hours—a pattern we've seen during previous risk-off events.

Historical Context: Solana ETF Performance

Since its debut, the Solana ETF has been among the top-performing crypto funds, with YTD returns of 89% versus bitcoin ETF's 56% (per Bloomberg data). However, it's also shown higher volatility—the current outflow represents the 7th largest single-day move in the fund's history. The last comparable outflow occurred in March 2025 when $9.8 million exited amid validator downtime concerns.

What Are Analysts Saying?

Market commentators offer mixed interpretations:

• Profit-Taking Theory: "This looks like healthy consolidation after SOL's rally," says BTCC's head of research, noting similar patterns in May 2025.
• Liquidity Crunch View: Some desks report tighter SOL lending rates, suggesting leveraged positions unwinding.
• Macro Factor: With Fed minutes due tomorrow, crypto markets often see position squaring beforehand.

Technical Perspective: Key SOL Levels to Watch

The ETF Flow shift comes as SOL tests critical support at $142 (its 50-day moving average). A sustained break below this level could trigger further outflows, while holding above might see the streak resume. Volume analysis shows the sell-off lacked conviction—total ETF shares traded were 18% below the 30-day average.

Investor Takeaways

While concerning, one day's outflow doesn't necessarily reverse the bullish trend. The ETF still holds $1.2B in AUM, and SOL's fundamentals remain strong with developer activity hitting record highs. That said, traders should monitor whether this marks the start of a larger rotation or merely a blip. As always in crypto, expect the unexpected.