Solana (SOL) Spot ETFs Post $24.8M Weekly Outflow, Ending 14-Week Inflow Streak

Seven Outflow Days End a 14-Week Streak

Seven consecutive trading days of net outflows have brought Solana's US spot ETF run of institutional accumulation to a halt. Daily creation and redemption disclosures from the issuers show the funds shed $24.8 million net in the week of October 5 to 9, the largest weekly outflow since the products launched in October last year and the print that ended a record 14-week inflow streak. The exit did not stop at the weekly cut: another $1.04 million left the complex on Tuesday, October 13, stretching the run to a seventh straight session. Bitwise's Solana (SOL) Staking ETF (BSOL) accounted for $20.9 million of the weekly total, roughly 84% of the net figure. Net assets across the funds have slipped from $1.9 billion to $1.71 billion, and the persistent weakening of institutional bid support, rather than any single day's size, is what the disclosures put on the record.

The flows land on a market repricing policy risk. The United States' September CPI rose 3.7% year over year, above the 3.6% consensus, core inflation ran at 2.6%, and the 10-year Treasury yield climbed to 5.278%. In the futures markets, the implied odds of a Federal Reserve rate hike in October rose from 20% to 45%. Against that backdrop, the Solana (SOL) price sits at $104.51, about 2% lower over the past 24 hours, and the slide from the October 2 high of $122.09 now measures 14.7% in 12 days, with 10.6% lost over the past seven. When the flows were tallied, the coin had fallen harder than its largest peers: Bitcoin lost 1.98% and Ethereum 3.23% over the same 24-hour window, so Solana's drawdown stood out even in a broad risk-off tape.

Alpenglow Reaches Mainnet on October 21

The network's fundamentals present a sharper contrast to the flow data. The Solana (SOL) Foundation has scheduled the Alpenglow upgrade for mainnet on October 21, a full redesign of the chain's consensus mechanism. Its core change compresses transaction finality from roughly 12 seconds to 150 milliseconds, cutting processing time by about 98%, a shift the foundation expects to widen the network's role in real-time payments, tokenized real-world assets and AI agents. Execution still carries short-term risk: validator client migration during the switchover is the operational hazard the Anza team flagged ahead of launch.

Usage on the chain has kept building through the drawdown. Daily decentralized-exchange volume on Solana reached $2.27 billion, about 52% above Ethereum's $1.49 billion and the highest among all blockchains. Tokenized stock trading on the network set a record $748 million over a September weekend, evidence that demand for on-chain equities is holding. Staking ties up 74.6% of circulating supply, leaving a comparatively small tradable float, a structural detail that can magnify price swings in either direction. The present slide extends the move we covered when Solana (SOL) slipped 9% in seven days near $107, before the upgrade window opened, and rotation across the wider altcoin market has added pressure on top of the ETF redemptions.

The $101.26 Support Test

COINOTAG's composite support and resistance scoring, which grades each level from 0 to 100 on the indicators meeting there, places the nearest floor at $101.26 with a score of 86 out of 100 and a second shelf at $97.95, scored 80. The strongest overhead barrier sits at $110.96 with a score of 87. Momentum reads weak: the RSI sits at 37.96 and the MACD signal has turned bearish, though the wider trend still grades as sideways. Derivatives positioning is unhurried rather than distressed: perp open interest stands at $2.21 billion and the long/short account ratio at 2.86, with 74.1% of accounts long. The full indicator set is in our Solana technical analysis. What the outflow record cannot establish is motive: the disclosures separate creations from redemptions but say nothing about whether the money that left is rotating rather than exiting, and the streak itself cannot say whether buyers return once Alpenglow is live.