Solana exchange-traded funds recorded their first positive day in three weeks, but the price of SOL continued to fall below the $140 level. The funds saw $5.37 million in net inflows on 28 November, ending a 21-day streak of outflows.
Grayscale’s GSOL led the rebound with $4.33 million in inflows, while Fidelity’s FSOL added $2.42 million. However, 21Shares’ TSOL posted $1.38 million in outflows, offsetting part of the gains. Other Solana ETFs, including those from Bitwise, VanEck and Canary, reported no flow activity.
Despite the return of institutional capital, Solana’s price fell 2% in the past 24 hours and continued a 30-day decline. SOL dropped to $137 after briefly touching $143 earlier in the day. The token remains below $140 even as ETFs begin to recover. Over the past week, SOL is up 8%.
The inflows mark a sharp shift after several days of withdrawals. On 26 November, Solana ETFs saw $8.10 million in outflows, following two strong inflow days of $53.08 million and $57.99 million on 25 and 24 November.
Cumulative net inflows across all Solana ETFs reached $618.59 million as of 28 November. Total assets under management stood at $888.25 million, with $30.01 million traded on the same day.
Bitwise’s BSOL remains the largest Solana ETF with $527.79 million in total net inflows. Grayscale’s GSOL has collected $77.83 million since launch, while Fidelity’s FSOL holds $32.30 million. In contrast, 21Shares’ TSOL has recorded $27.60 million in net outflows over time.
The latest flows suggest some institutional accumulation at lower price levels. However, the ETF recovery has not yet translated into a rebound for SOL, which continues to trade below $140 amid broader market weakness.
