Solana price prediction: $30.3 million out of the SOL ETFs in five trading days: what to watch now

What is documented: the seven US spot funds on Solana gave up a net $30.3 million over the five trading days to October 22, and on October 22 not one of them recorded an inflow. Our assessment follows further down: the sum itself is small for a market capitalised at close to $60 billion, and it is the absence of any offsetting entry that stands out. Solana trades at $101.83 on Saturday morning, measured on the last trade on the Coinbase exchange; Kraken shows $101.80 at the same moment. That is 2.6 percent below the level of 24 hours ago, when trading opened at $104.50. Where the price can point over a horizon of months is set out in our Solana price prediction. $30.3 million in five trading days: the numbers on the SOL ETFs For the trading day of October 22, the data service SoSoValue reports a net outflow of $8.515 million across all US spot funds on Solana. The industry service Tokenpost puts the same day at $8.9 million; the gap comes from different rounding and different cut-off times at the two providers. We give both figures rather than smoothing one of them away. The weekly total is what counts. Tokenpost adds the five trading days to October 22 up to minus $30.3 million. For comparison: for the week of October 12 to 16 the same data provider reported $25.52 million of outflows, and at the time that counted as the highest weekly figure since the funds launched. Eight days later the new figure sits 18.7 percent above it. A spot fund is a vehicle that actually holds the coin instead of tracking it through futures contracts. If an investor redeems shares, the fund has to hand over or sell the SOL behind them. That is precisely why an outflow bites differently from a change of mind in the futures market: real tokens change hands. BSOL and GSOL carry the outflow, five funds stand still The outflow of October 22 is not spread evenly. Two products carry it on their own: Bitwise Solana Staking ETF (BSOL): $5.7182 million out in a single day. That is the largest individual figure and accounts for two thirds of the daily total. Grayscale Solana Trust (GSOL): $3.2163 million out. Cumulative net inflows into this product stand at around $160 million. VSOL, FSOL, TSOL, SOEZ and MSOL: no flow in either direction. That five of the seven funds show no movement at all on a trading day says more about the situation than the size of the outflow does. The day before, on October 21, the balance was even slightly positive at $585,300, and there too only one provider booked anything. The demand side is not negative. It is absent.