Solana ETFs Extend Outflow Streak as Crypto Fund Selling Intensifies
U.S.-listed Solana ETFs recorded their fifth consecutive week of net outflows, while broader crypto funds endured one of their sharpest periods of investor withdrawals in 2026.
U.S.-listed spot Solana ETFs lost $26.3 million last week, extending their longest run of weekly outflows since the products began trading in October 2025. The withdrawals came during a broader reversal across crypto exchange-traded funds, led by a $1.28 billion weekly outflow from spot Bitcoin ETFs.
Solana Funds Enter Their Longest Outflow Run
The latest withdrawals marked the fifth consecutive negative week for Solana funds. Nearly all of the weekly outflow arrived Friday, suggesting selling pressure intensified as investors reduced exposure across crypto-linked investment products.
The five-week run has removed $165.4 million from Solana ETFs. It began after the funds completed a record 14-week inflow streak, representing a sharp change in institutional and professional-investor demand for regulated SOL exposure.
- $26.3 million exited Solana ETFs last week.
- $165.4 million left the products over five weeks.
- Net assets declined to $1.31 billion, from $1.40 billion one week earlier.
- The funds remained approximately $676.2 million positive for the year.
Bitwise’s BSOL recorded the largest Friday outflow at $14.4 million, followed by Grayscale’s GSOL with $5.4 million. The concentration of withdrawals in leading products indicates that selling was not limited to smaller or less-established Solana funds.
Crypto ETF Selling Broadens
Solana’s outflows formed part of a wider deterioration in crypto fund flows. The 12 U.S.-listed spot Bitcoin ETFs lost $1.28 billion last week, their worst weekly result since late June. The second consecutive negative week pushed their 2026 net flows to a $914.1 million loss, reversing their previous year-to-date gains.
BlackRock’s IBIT accounted for 88% of Friday’s gross Bitcoin ETF outflows, with $403 million leaving the fund. Spot Ether ETFs also recorded their sixth straight week of withdrawals, losing $365.3 million during the latest week.
The three publicly traded Hyperliquid ETFs matched Solana’s five-week outflow streak. They shed $15.6 million last week and $58.4 million over the five-week period, while their combined net assets fell roughly 17% to $374.1 million.
What This Means
The data points to a broad risk-reduction phase across crypto investment products rather than an isolated Solana-specific event. Solana ETFs remain net positive for 2026, but the sharp reversal from a 14-week inflow streak underscores how quickly institutional positioning can change.
Sustained withdrawals could reduce a source of demand for SOL and weigh on sentiment toward the wider Solana ecosystem. A stabilization in Bitcoin and Ether ETF flows may therefore be important for reversing pressure on Solana products, while another week of outflows would reinforce the current defensive market backdrop.