US spot Solana (SOL) exchange-traded funds recorded their largest weekly exit on record after losing $24.8 million in the week ending October 9, snapping a 14-week streak of consecutive net inflows.
Key Takeaways
- Solana ETFs suffered a record $24.8 million weekly outflow for the week ending October 9, nearly triple the previous record of $8.9 million set on February 6.
- Total net assets in SOL funds dropped 8.9% from $1.90 billion to $1.73 billion, primarily driven by a 10.25% drop in SOL's spot price.
- Spot XRP ETFs bucked the broader market selloff, adding $11.3 million to extend their positive inflow streak to 13 consecutive weeks.
- Since January 1, Solana funds have drawn $816.8 million in YTD net inflows, outpacing $635.5 million for XRP and $494.1 million for Bitcoin.
Record Outflows End 14-Week Streak
According to data from SoSoValue, the $24.8 million exit marks the largest weekly net outflow for spot Solana ETFs since their launch in October 2025. Last week's exit was almost three times the size of the previous weekly record of $8.9 million recorded in the week ending February 6. The sudden drop follows strong momentum just two weeks prior, when funds pulled in $188.2 million—their second-largest week on record—before slowing to $2.4 million in the week ending October 2.
The pullback occurred alongside widespread redemptions across major crypto funds. During the same period, Bitcoin ETFs lost $681.1 million, while Ethereum (ETH) ETFs lost $542.1 million to close out a ninth straight outflow day. Other crypto products also posted redemptions, with Zcash (ZEC) ETFs losing $30.7 million and Hyperliquid (HYPE) ETFs shedding $9.4 million.
Asset Contraction and XRP Divergence
Total net assets across Solana funds shrank 8.9% over the week, dropping from $1.90 billion to $1.73 billion. Outflows accounted for approximately $25 million of the $170 million total asset drop, with the remaining decline driven by price depreciation. SOL fell 10.25% during the trading week before recording slight gains over the weekend to trade at $111.53, up 1.45% in a 24-hour period. Data covering trading through October 16 will show whether investors returned following the price slump.
In contrast, spot XRP ETFs extended their inflow streak to 13 straight weeks after pulling in $11.3 million, even as XRP fell 8.2% during the week. XRP funds have not seen a weekly outflow since the week ending July 10, pushing cumulative net inflows to a record $1.80 billion despite net assets standing lower at $1.57 billion. Year-to-date in 2026, Solana products have gathered $816.8 million and XRP funds $635.5 million, both outperforming the $494.1 million drawn by spot Bitcoin ETFs since January 1.
Why It Matters
The sharp reversal in Solana ETF flows highlights the vulnerability of altcoin fund products to sudden broader market downturns, as a 10.25% spot price drop rapidly triggered capital redemptions. However, year-to-date flows demonstrate that institutional demand for alternative assets remains structural, with SOL and XRP funds collectively absorbing over $1.45 billion in 2026 while Bitcoin fund growth has moderated. Analysts will be monitoring whether the sub-$112 price region brings institutional buyers back in the upcoming weekly reporting window ending October 16.
