Record Outflow From Solana ETFs: Despite Market Rally

Solana’s performance is puzzling as investors pull money out of exchange-traded funds (ETFs) while simultaneously injecting significant capital into the blockchain itself. A record $42 million was withdrawn from 21Shares’ TSOL crypto ETF, illustrating a stark contrast with the overall market rally led by Bitcoin. However, this outflow isn’t indicative of investor panic but rather a strategic rebalancing amidst increased competition in the Solana ecosystem. While the ETFs experienced significant outflows, over $321 million flowed directly onto the Solana blockchain during the same period, demonstrating continued trust in the underlying technology.