Bitwise's BSOL Leads $24.8M Weekly Outflow From Solana (SOL) ETFs

BSOL Drives $24.8M Weekly Outflow

United States spot Solana (SOL) exchange-traded funds recorded $24.8 million in net outflows over the trading week of October 5–9, ending a run of 14 consecutive weeks of net inflows into the products. The exit was the largest since the funds launched: the previous weekly outflow record stood near $8.9 million, so the latest withdrawal ran almost three times that mark. The $24.8 million figure comes from the ETF flow data compiled for the week ended October 9. Fund-level breakdowns show the selling was concentrated in a single product. Bitwise's BSOL fund shed roughly $20.9 million over the week, about 84% of the weekly total, while Morgan Stanley's MSOL and Invesco's QSOL absorbed a combined $2 million in fresh money. The split shows institutional demand is not uniform across products: investors trimmed the largest fund even as two smaller rivals took in new capital.

The outflow did not derail the market. The Solana (SOL) price sits at $111.46 at the time of writing, up 1.1% over the past 24 hours, after changing hands near $110 earlier on Sunday. The week itself was heavier: the coin gave back roughly 8% over seven days, so the fund exit landed inside a broader pullback rather than driving a fresh leg lower. Even so, Solana (SOL) still trades about 58% below its record of $262, a gap the week's pullback kept open. The streak had made Solana one of the year's stronger institutional adoption stories, and its end is the first sustained test of that appetite since the funds began trading.

The $1.73B Pile Behind the Exit

Cumulative net inflows into the Solana funds have reached roughly $1.58 billion since launch, and total net assets stood at $1.73 billion at the close of the trading week. Measured against that standing pile, the $24.8 million exit removed less than 2% of the capital the products have gathered, a proportion small enough to leave the launch-to-date record positive despite the worst withdrawal week on file. Whether flows flip positive again in the new trading week is the metric institutional watchers now track.

The same window carried a technical milestone. The official technical announcement from the Solana (SOL) Foundation confirms the Solana network cut its target slot time from 400 milliseconds to 200, effective at the start of epoch 1053 on October 9; earlier staged reductions had already moved the figure through 350, 300 and 250 milliseconds. The change, examined in our report on Solana block times to 200 milliseconds, lets the chain nominally fit five slots into every second. Halving the slot interval does not double throughput by itself, since the compute budget per block and live network conditions still bind, but it shortens the window each validator controls over block production, an adjustment intended to even out coordination across validators.

Distribution is the second leg. A Solana Foundation announcement dated October 7 states that Samsung Wallet will deliver USDC transfers natively over Solana to roughly 82 million Galaxy devices in the United States, with the feature scheduled to go live in the final week of October. The 82 million figure describes potential reach, not confirmed users or transactions, so actual PayFi volumes after launch will show whether the integration converts into on-chain activity. The DApp base has to absorb that traffic before the faster chain translates into economic demand for SOL. That gap matters for the ETF thesis: faster execution and wider distribution are the supply-side case the funds cite, while the outflow week tested the demand side.

Neutral Funding Inside a Tight Band

The $108.51 support, scored 85 out of 100 on our composite level map, sits directly beneath the weekend price, while the first resistance above is $112.56, scored 78 out of 100. Solana has held inside that band through the ETF exit, and the perpetual funding rate of 0.0061% sits close to neutral, a reading that suggests the modest rebound was not carried by crowded leveraged longs. Open interest in our perp aggregate stands at $2.30 billion, so positioning is moderate rather than stretched. A daily close above $112.56, or a slide through $108.51, would set the direction for the coming week; the full support and resistance levels are mapped in our Solana technical analysis.