Solana ETFs End 14-Week Inflow Run as Crypto Funds Lose $1.25 Billion

U.S. spot Solana (SOL) ETFs ended a record 14-week inflow streak last week as investors pulled $24.8 million from the products. The reversal came alongside heavy redemptions from spot Ether (ETH) and Bitcoin (BTC) ETFs, which together brought total outflows across the three categories to approximately $1.25 billion.

Ether and Bitcoin Funds Turn Lower

Spot ether ETFs recorded $542.1 million in net outflows, their worst weekly result since January and their second consecutive negative week. The products have now posted withdrawals for nine straight trading days, a run totaling $697.2 million that began on Sept. 29.

BlackRock’s ETHA accounted for $477 million, or roughly 88% of the category’s weekly outflows. The fund also experienced approximately $202 million in redemptions on the day its 1-for-3 reverse share split took effect. Grayscale’s ETHE recorded the second-largest weekly outflow among ether products at $31.9 million.

Spot bitcoin ETFs shed $681.1 million, ending a three-week inflow run. The decline reduced the category’s 2026 net inflows to $494.1 million, down from $1.18 billion the previous week. Bitcoin ETFs still hold approximately $105.84 billion in net assets and have accumulated $57.11 billion in inflows since launch.

• Ether ETF weekly outflows: $542.1 million
• Bitcoin ETF weekly outflows: $681.1 million
• Combined outflows across bitcoin, ether and Solana funds: approximately $1.25 billion

Solana Funds Break a Launch-Era Record

Solana ETFs recorded outflows in all five trading sessions, their longest daily losing streak on record. The weekly loss was roughly three times the previous record of $8.9 million, set in the week ending Feb. 6, and marked the funds’ first negative week since June 26.

Bitwise’s BSOL, the largest Solana fund with $1.20 billion in net assets, accounted for $20.9 million, or about 84%, of the category’s outflows. It was the fund’s largest weekly withdrawal since launch. Morgan Stanley’s MSOL and Invesco’s QSOL were the only Solana products to post weekly inflows, taking in a combined $2 million.

The reversal followed a record $188.2 million weekly inflow into Solana funds two weeks earlier. Net assets subsequently fell to $1.73 billion from $1.90 billion, after reaching a record $1.96 billion on Sept. 25. Cumulative net inflows remain positive at $1.58 billion, including $816.8 million in 2026.

What This Means

The synchronized outflows point to a broad pullback in demand for U.S. crypto investment products rather than an isolated Solana event. Solana’s record-breaking inflow streak had demonstrated sustained institutional interest, but the latest data shows that demand can reverse quickly across both established and newer ETF categories.

At the reported levels, ETH traded near $2,506, SOL near $110.50, and BTC near $82,900. Future ETF flows will indicate whether this week represents a temporary bout of profit-taking or a broader change in institutional positioning.