Solana (SOL) ETFs Post $24.82 Million Net Outflow Over Two Days

Two Days of ETF Redemptions

Net outflows of $24.82 million left US spot Solana (SOL) exchange-traded funds across the Oct 27 and Oct 28 US trading days, according to published fund-flow tables. A single-day split of $19.2 million on Oct 27 and $5.7 million on Oct 28 makes up the total, and the product flagged in the outflow column changed by day: GSOL on the 27th, BSOL on the 28th. The Solana (SOL) price dipped to an intraday low of $99.29 on Oct 29, recovered through the $100 mark and last changed hands at $100.22, still down 2.6% over the past 24 hours. A net outflow means redemptions exceeded creations on the trading day in question; it is not a count of spot-market sell volume and says nothing about who redeemed or why. That distinction matters as the funds, built to carry traditional finance exposure to SOL through brokerage accounts, have become one of the most closely watched gauges for the Solana ecosystem since their debut. The Oct 29 session also printed a high of $102.51, so the intraday range stretched more than $3 from trough to peak. Flow tables round their figures to one decimal place in millions, which is why the rounded daily rows do not reproduce the reported two-day total exactly. The timing mismatch runs the other way too: fund flows are tallied on US trading days while Solana (SOL) trades around the clock, so overlapping dates alone cannot pin the dip on the redemptions. The two outflow products were not the same fund, which suggests redemptions spread across issuers rather than concentrating in one wrapper. What the tables do establish is direction, two straight sessions of net money leaving the funds, at a moment when the coin is pressing against the lower end of its recent range.

The market sits between two heavily scored levels. Our composite ranking scores the support at $98.43 a full 100 out of 100, with resistance at $103.40 close behind at 99, so the corridor SOL occupies is narrow and clearly defined. Momentum reads weak: the trend flag shows a downtrend, RSI at 35.65 sits well below the midpoint, and the MACD signal is bearish. Positioning leans long. Open interest stands near $2.10 billion and the long/short account ratio reads 3.73, so roughly 79% of accounts hold long positions while price drifts lower. A break under $98.43 would turn questions about a renewed bear market into live ones; holding it keeps the range intact. The full Solana technical analysis page tracks every scored level.

Daily Closes Held Above $100

The daily record shows how narrow the escapes have been. Oct 27 printed a low of $99.20, a high of $101.88 and a close of $101.37, so the session traded under the round number but finished above it. Oct 28 stayed firmer with a low of $100.50 and a close of $102.43, the only one of the three sessions whose low never tested $100. Oct 29 broke back under, printing a low of $99.29 against a high of $102.51 before a real-time reading at 17:25 Korea time put the price at $100.06. Intraday readings and closes are different records, and neither of the two completed sessions closed below $100. Earlier this month a $19.16 million single-day outflow, the worst since December, had already flagged redemption pressure in these funds, and Bitwise's BSOL fund has appeared in the outflow column before. Chart readings published on Oct 26 put the 200-day EMA at $98.27 and the 50-day EMA at $105.99; an EMA weights recent prices more heavily than a simple average, so its value shifts with the venue and reference time it is drawn on. The $98.27 line sits just under the strongest scored support at $98.43, which gives that floor an additional layer. Solana (SOL) now trades at $100.22, roughly midway between the $98.43 support and the $103.40 resistance that bound the short-term range, and both the floor and the EMA below it have to hold for the current position to survive. Investors who prefer direct ownership to fund wrappers can review buy Solana in the US, though the ETF flow record, not retail buying, is what this week's tape has turned on.