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Solana spot ETFs recorded $5.37 million in net inflows on November 28, breaking a 21-day losing streak.
- Solana ETFs saw $5.37M inflows after 21 days of outflows, led by Grayscale and Fidelity.
- $SOL price stayed below $140 despite ETF recovery, continuing its 30-day decline.
- Cumulative $SOL ETF inflows hit $618.59M.
The recovery comes as Solana’s ($SOL) price fell below $140, dropping to $137 amid broader market weakness.
Grayscale’s GSOL led the inflows with $4.33 million, while Fidelity’s FSOL attracted $2.42 million.
21Shares’ TSOL saw $1.38 million in outflows, partially offsetting the gains. Bitwise’s BSOL, VanEck’s VSOL, and Canary’s SOLC posted zero flow activity.
ETF recovery fails to lift Solana above $140
Solana price has dropped 2% over the past 24 hours and 30% over the past 30 days. The token traded as high as $143 in the last 24 hours before falling to its current level. $SOL has gained 8% over the past seven days.
The November 28 inflows ended three weeks of consistent ETF outflows. November 26 posted the most recent withdrawal at $8.10 million.
Prior to that, $SOL ETFs attracted $53.08 million on November 25 and $57.99 million on November 24.
Cumulative total net inflow across all Solana ETFs reached $618.59 million as of November 28.
Total net assets under management stood at $888.25 million. Total value traded hit $30.01 million on November 28.
Grayscale and Fidelity dominate November flows
Grayscale’s GSOL has accumulated $77.83 million in cumulative net inflows. Bitwise’s BSOL leads all Solana ETFs with $527.79 million in total inflows. Fidelity’s FSOL holds $32.30 million in cumulative assets.
21Shares’ TSOL has seen net outflows of $27.60 million since launch. VanEck’s VSOL and Canary’s SOLC maintain smaller asset bases.
The disconnect between ETF inflows and price action suggests institutional accumulation at lower levels.
While $SOL ETFs attracted capital on November 28, the token continued its 30-day decline. $SOL failed to reclaim $140 following the inflow recovery.