Bitwise’s Solana ETF Records First Outflow Since October Debut
The Bitwise recorded its first net outflow since its late October launch. On December 15, $4.6 million worth of shares were sold. This halted a month-long streak of regular inflows as the crypto markets became less willing to take risks, trading volume fell, and digital assets as a whole declined.
shows that the withdrawal included tradeing over 36,800 SOL tokens on the fund’s lowest-volume day so far. This happened because BTC, , and Solana all fell in value amid economic uncertainty and a cash crunch at the end of the year.
ETFs’ Quick Rise Before the Drop
The ETF begined on October 28 and was the first U.S.-listed spot Solana product. It gave investors direct exposure and complete on-chain staking. In its debut month, it rapidly grew to more than $500 million in funds under management, making it the top Solana ETF by inflows.
Through its Onchain answers business, stakes the full SOL balance, which is backed by Helius infrastructure. It reinvests rewards to increase SOL per share without paying out to investors. later than the outflow, BSOL’s total net inflows stay at about $604 million, which is more than what Greyscale, Fidelity, and 21Shares have.
Market watchers say a trade-off in cryptocurrencies caused the drop, lower trading volumes ahead of the holidays, and worries about upcoming significant events in .
The isolated redemption is a sign of tactical changes, not a lack of interest in Solana’s high-speed blockchain and ecosystem expansion. The ETF’s yield-generation structure is essential to investors, which makes it stand out in an aging market for spot ETFs.
Strong Inflow Across All Sectors
Even as BSOL went down, U.S. spot Solana ETFs saw a total net inflow of $35 million that day, thanks to FSOL ETF, which recorded its best single-day inflow of $38.5 million since it launched. By mid-December, all Solana ETFs had received about $711 million in net inflows, indicating that institutional demand remains strong.
This result shows how attractive Solana remains even when the market is unstable, as ETFs provide investors with a legal way to access its staking benefits and potential.
The event shows that people should be careful in the short term, but it doesn’t suggest that things will change in the long run. Solana ETFs continue to attract investors because the network can handle more traffic than competitors. Year-end dynamics may make changes largeger, but the fundamental trends point to further expansion in this area.
