The Solana ETF market experienced a notable shift this week with the first day of outflows recorded after an impressive 21-day run of steady inflows. This reversal was driven by the 21Shares Solana ETF (TSOL), which saw over $34 million withdrawn on Thursday alone, significantly contributing to the total $8.1 million net outflows across all Solana ETFs. While this marked a turning point in market behavior, it’s important to note that other Solana ETFs remained positive with their own inflows. 21Shares TSOL remains a dominant force, holding $86 million in assets despite these withdrawals. While the overall SOL ETF market experienced some decline, the Bitwise Solana Staking ETF managed to attract another strong influx of $13.33 million, showcasing continued investor interest. Despite this initial dip, institutions continue to play a key role, with Grayscale and Fidelity adding significant capital to the space. This resilience demonstrates a commitment to Solana despite recent price fluctuations. Meanwhile, the Dogecoin ETF market saw a notable decline, with Grayscale’s GDOG fund suffering a 80% drop in inflows on its second day.