Solana ETFs see $100 million in outflows in October as price tests $100 support

Solana (SOL) exchange-traded funds (ETFs) have posted outflows for the fourth consecutive week, with October proving to be particularly challenging as total withdrawals approached $100 million since the start of the month. The latest and most substantial sale came from Grayscale, a major digital asset management firm. Grayscale’s Solana Trust, which trades under the GSOL ticker, reported selling $19.16 million in SOL positions, bringing its net assets down to $153.04 million. This reduction marks a significant departure from the relatively minor $787,000 in outflows seen in June, which had been the only previous negative month this year for Solana ETFs.

Source: CoinTurk News