Solana ETFs See First Outflows, Signaling Potential Shift in Market Sentiment

After an impressive streak of 18 days with net inflows, Solana-focused exchange-traded funds (ETFs) experienced their first sign of decline. The record-breaking run of positive flows for the 21Shares Solana ETF ended abruptly, prompting concerns about the future of SOL investment. Notably, a massive withdrawal of $34 million from the 21Shares TSOL fund caused this reversal, impacting other Solana ETFs and potentially signaling the end of an earlier wave of excitement surrounding the token.