U.S. spot Solana exchange-traded funds logged their first net outflow since launch, with $8.1 million leaving the category on Nov. 26, according to SoSoValue. The reversal was almost entirely driven by the 21Shares Solana ETF (TSOL), which saw more than $34 million in single-day withdrawals. TSOL now sits at $86 million in assets and has accumulated $26 million in net outflows since debut.
Other Solana-linked funds helped offset the hit. The Bitwise Solana Staking ETF (BSOL) continued to lead the segment, bringing in $13.33 million on the same day and lifting its lifetime inflows to $527.79 million. Grayscale’s GSOL added another $10.42 million, while Fidelity’s FSOL recorded $2.51 million in fresh allocations. Altogether, Solana ETFs collectively hold roughly 6.83 million SOL valued at about $964 million, according to Solana Strategic Reserve.
XRP funds sustain flawless inflow pattern
While Solana’s streak came to an end, newly introduced XRP ETFs have yet to record a single outflow. The group has amassed $643 million in cumulative inflows, with Bitwise’s XRP ETF leading the latest session at $7.4 million. Canary’s XRPC added $5.2 million, and both Franklin Templeton’s XRPZ and Grayscale’s GXRP brought in around $4 million each.
Dogecoin ETFs stumble after debut hype
Dogecoin ETFs, despite strong market anticipation, delivered a soft launch. The New York Stock Exchange approved the listing of Grayscale’s Dogecoin Trust ETF (GDOG) earlier in the week, and analysts initially projected around $11 million in first-day activity. GDOG instead opened with just $1.4 million in volume respectable for an average ETF launch but muted for a first-of-its-kind spot product.
SoSoValue reported that GDOG posted a net inflow of $1.8 million on Tuesday, followed by a steep drop to $365,000 on its second day an 80% decline that underscores fading momentum.