Solana Spot ETFs recorded $5.37 million in net inflows on Nov. 28, breaking a 21-day losing streak.
Summary
- Solana ETFs saw inflows of $5.37 million after 21 days of outflows, led by Grayscale and Fidelity.
- SOL price remained below $140 despite the ETF’s recovery, continuing its 30-day decline.
- SOL’s cumulative ETF inflows reached $618.59 million.
Recovery comes like Solana’s (SUN) price fell below $140, falling to $137 amid broader market weakness.
Grayscale’s GSOL led entries with $4.33 million, while Fidelity’s FSOL attracted $2.42 million.
21Shares’ TSOL saw outflows of $1.38 million, partially offsetting the gains. Bitwise’s BSOL, VanEck’s VSOL, and Canary’s SOLC all recorded zero flow activity.
ETF Recovery Fails to Lift Solana Above $140
solana price It has fallen 2% in the last 24 hours and 30% in the last 30 days. The token traded as high as $143 in the last 24 hours before falling to its current level. SOL has gained 8% in the last seven days.
The inflows on November 28 ended three weeks of steady ETF outflows. The most recent withdrawal of $8.10 million was recorded on November 26.
Before that, SOL ETFs attracted $53.08 million on November 25 and $57.99 million on November 24.
Total cumulative net inflows into all Solana ETFs reached $618.59 million as of November 28.
Total net assets under management amounted to $888.25 million. The total value traded reached $30.01 million on November 28.
Grayscale and Fidelity dominate November flows
Grayscale’s GSOL has racked up $77.83 million in cumulative net inflows. Bitwise’s BSOL leads all Solana ETFs with $527.79 million in total inflows. Fidelity’s FSOL has $32.30 million in accumulated assets.
21Shares’ TSOL has seen net outflows of $27.6 billion since its launch. VanEck’s VSOL and Canary’s SOLC maintain smaller asset bases.
The disconnect between ETF inflows and price action suggests institutional accumulation at lower levels.
While SOL ETFs attracted capital on November 28, the token continued its 30-day decline. SOL was unable to recover $140 after the entry recovery.
