Solana (SOL) ETFs Post Worst-Ever Week With $25.52 Million in Net Outflows

Ten Straight Days of Outflows

The spot Solana (SOL) exchange-traded funds closed the week that ended on Friday, October 16 with $25.52 million in net outflows, per the daily creation and redemption disclosures from the issuers, and the figure stands as the worst seven-day result the products have recorded. It also replaces the previous week's anti-record of $24.81 million, which puts the two weakest weeks on the books side by side. Net withdrawals have now run for ten consecutive days, and since September 29 the funds have logged exactly one session of net creations. That lone green day fell on October 2 and carried a modest $1.30 million, not nearly enough to offset the sessions around it. The products in question are the US-listed spot funds, and their daily flow is published as creations minus redemptions. Ten straight red sessions covers every trading day of the past two full weeks, so the funds have spent most of October in net withdrawal mode. The Solana price sits near $102.21 at the time of writing, down about 1% on the 24-hour clock, so the tape offers little counterweight to the flow data. The turn is recent in the products' short history: only a few weeks back, the same funds were printing some of their strongest net-inflow streaks, with creations running at local peaks within the new lineup of spot trading ETFs. A net outflow is a mechanical fact, not a view on the asset: in the primary market around these wrappers, redemptions simply exceeded creations, and the issuer disclosures record nothing beyond that exchange. The aggregate print also carries no issuer-level split, so the weekly totals reviewed for this piece show how much left the funds without naming which fund bore the largest share of the week's $25.52 million.

Two Record Weeks Back to Back

The red week did not arrive in a vacuum: the wider spot crypto ETF complex bled through the same five sessions, with the Bitcoin funds losing triple-digit millions over the window. The backdrop does not, however, account for the depth on the Solana (SOL) side. The $25.52 million week and the $24.81 million week before it came straight after a run in which the Solana funds were reaching local peaks in net inflows, a stretch of green weeks that had made them standouts of the new lineup. On the current record, the turn took roughly two weeks, from peak creations in late September to ten straight sessions of net withdrawals through Friday. Against that, the lone $1.30 million creation day on October 2 barely registers beside either weekly total. The disclosures fix the shape of the streak as well as its length. They report aggregates rather than a session-by-session ledger for the Solana funds, so the record shows when the outflows began, how long they have run and where the weekly totals stand, but not which sessions carried the heaviest redemptions. Capital that exits an ETF wrapper also leaves no forwarding address: for a yield-bearing asset such as SOL, staking is one channel redeemed coins can move into, and nothing in the flow print says whether that is occurring. The outflows are not confined to one corner of the altcoin market either. The network's own scoreboard runs independently of wrapper flows: prior tracking put Solana (SOL) apps at $193.1 million in 30-day revenue, nearly double Hyperliquid, and Fidelity's FCAT has flagged stake concentration after two years of zero mainnet outages, even as analyst Alex Carchidi named SOL a top hold to 2031.

SOL Between $101 Support and $105 Resistance

Our live reading, taken after the disclosures, puts SOL at $102.21, down 1.0% over 24 hours, with the composite trend signal flagging a downtrend and a bearish MACD. The RSI prints 35.65, deep in weak territory without being oversold. The levels that frame the tape are support at $101.18, scored 82 out of 100, and resistance at $105.07, which carries the stronger 91 score, leaving the price pinned between the two highest-rated lines in our Solana technical analysis. Positioning skews long among accounts even as perpetual futures funding reads slightly negative at -0.0079%, with the long/short account ratio at 2.93. One limit on the flow reading holds regardless of where price goes next: the disclosures show what left the wrappers, not whether the redeemed SOL was sold, staked or moved to cold storage.