Teaser: SOLTRACER's ETF tracker shows U.S. spot Solana ETFs lost a net $71.6 million in the week ending October 30, 2026, and $82.5 million from October 20 to 30, with Bitwise's BSOL and Grayscale's GSOL behind nearly all of it. Here's what the flows are telling us.
Direct answer: According to SOLTRACER, U.S. spot Solana ETFs are seeing outflows because SOL has slid toward $100, falling about 13.8% in October as of October 28, and institutions are de-risking rather than buying the dip. SOLTRACER data shows $71.6 million left in the week ending October 30, almost all from BSOL and GSOL.
SOLTRACER analysis: U.S. spot Solana ETFs posted net outflows of $71.6 million in the week ending October 30, 2026, and $82.5 million from October 20 to 30.
Was this a record week for Solana ETF outflows?
Yes. The week of October 26-30, 2026 was the largest weekly net outflow U.S. spot Solana ETFs have posted since launch, about $71.6 million according to Farside Investors data. Bitwise’s BSOL (about -$45.8 million) and Grayscale’s GSOL (about -$25.7 million) accounted for nearly all of it.
Even after that record week, cumulative net inflows since launch still stand at about +$1.46 billion, so the selloff erased only a small share of the money these funds have taken in. Follow the daily fund-by-fund flows on the SOLTRACER ETF Tracker.
How bad are the Solana ETF outflows right now?
They are the worst since launch. SOLTRACER data puts the week ending October 30 at a $71.6 million net outflow. Every session that week was negative, with the heaviest day on October 29 (about $27.7 million). SOL itself was down about 13.8% for the month as of October 28, testing the $100 support level.
Total net assets across U.S. spot Solana ETFs fell from about $1.96 billion (Sept 25) to about $1.54 billion by October 27, while cumulative net inflows dropped only about $93 million, per the same report. Price, not redemptions, explains most of the drawdown.
Why are investors pulling money out of Solana ETFs?
Price is the main driver. SOL has been pressing the $100 support level and is heading toward an eighth losing month in 2026. When an asset trends lower, ETF holders who bought for momentum tend to trim, and redemptions feed back into price pressure.
Question Everything: an outflow streak tells you who is selling, not whether the network is weaker. Solana's fundamentals and its ETF flows are two different stories right now.
Which Solana ETFs are losing the most?
The selling is concentrated in two funds. SOLTRACER analysis of October 20-30:
Net flow by fund, Oct 20-30, 2026:
BSOL (Bitwise): -$51.6M
GSOL (Grayscale): -$31.5M
MSOL (Morgan Stanley): +$0.6M
FSOL (Fidelity): $0
VSOL (VanEck): $0
SOEZ (Franklin Templeton): $0
TSOL (21Shares): $0
SOLC (Canary): $0 (Oct 26-29 only)
All covered funds: -$82.5M
QSOL (Invesco Galaxy) is not covered in this window.
Grayscale's GSOL drove the single biggest day, a $19.2 million outflow on October 27, the largest since December 2025. Most funds posted flat days, which points to a few large holders repositioning rather than a broad exit.
Track every fund daily on the SOLTRACER ETF Tracker.
Is this the first time Solana ETFs have had outflows?
No, but it is the first serious streak. June 2026 was the only prior month with net outflows, at about $787,000. The week ending October 9 also broke a run of 14 straight weeks of net buying, per the same report.
What could turn Solana ETF flows positive again?
Watch three things: SOL holding $100, upcoming network catalysts, and Breakpoint 2026 in London (Nov 15-17). Alpenglow's voting layer went live on mainnet on October 21, and Anza recommended Agave 4.4 for mainnet validators on October 30, with feature activations tentatively set to resume November 9. Catalysts don't guarantee flows, but they give allocators a reason to revisit. Follow them on the SOLTRACER Catalyst Tracker.
FAQ
Was the week of October 26-30, 2026 a record for Solana ETF outflows? Yes. U.S. spot Solana ETFs lost about $71.6 million that week, their largest weekly net outflow since launch, per Farside Investors data. Cumulative net inflows remain about +$1.46 billion.
Why are Solana ETFs seeing outflows? According to SOLTRACER, falling SOL prices (down about 13.8% in October as of October 28) and institutional de-risking drove record outflows, including $71.6 million in the week ending October 30, mostly from BSOL and GSOL.
What was the largest single-day Solana ETF outflow? $32.19 million on December 3, 2025. The October 27, 2026 outflow of $19.16 million was the largest since then.
How many U.S. spot Solana ETFs are there? Nine U.S. spot Solana funds, including BSOL, FSOL, GSOL, MSOL, VSOL, SOEZ, TSOL, QSOL and SOLC.
Do Solana ETF outflows mean Solana is failing? Not necessarily. Reported data shows most of the net asset decline since late September came from price, not redemptions. Flows reflect positioning, not network health.
Where can I track Solana ETF flows daily? On the SOLTRACER ETF Tracker.
Go deeper with SOLTRACER Pro. The free tracker shows the flows. SOLTRACER Pro shows what's behind them: deeper catalyst coverage, the Stablecoin and Crowd Trackers, and research built for people who hold their own keys and do their own thinking.
Not financial advice. Question Everything and do your own research.
