Solana finally broke its losing streak. After 21 straight days of outflows, Solana spot ETFs saw $5.37 million in net inflows on November 28 — a small but important shift in sentiment.
The irony? Even with the ETF bounce, SOL couldn’t stay above $140. The price slipped to around $137, continuing a rough 30-day slide.
Where the ETF inflows came from
The positive flows were mainly driven by two major players:
- Grayscale GSOL: +$4.33 million
- Fidelity FSOL: +$2.42 million
But not everything was green.
21Shares’ TSOL booked $1.38 million in outflows, canceling part of the gains.
Meanwhile, Bitwise (BSOL), VanEck (VSOL), and Canary (SOLC) saw no flows at all.
Still, the net result was positive — something Solana ETFs hadn’t seen in three weeks.
SOL price refuses to follow ETF momentum
Even with fresh inflows, the price didn’t cooperate.
- SOL is down 2% in the last 24 hours
- Down 30% over the last 30 days
- Still managed a 7-day gain of 8%
SOL briefly touched $143, but sellers pushed it right back down below $140.
The last major outflow was on November 26, when ETFs shed $8.10 million.
Just days earlier — November 24 and 25 — Solana saw big inflows of $58M and $53M, showing how quickly sentiment has been swinging.
Cumulative ETF stats
As of November 28:
- Total cumulative net inflows: $618.59M
- Total AUM across all Solana ETFs: $888.25M
- Trading volume on Nov. 28: $30.01M
Bitwise’s BSOL remains the heavyweight with $527.79M in total inflows.
Grayscale’s GSOL follows with $77.83M, while Fidelity’s FSOL sits at $32.30M.
21Shares’ TSOL is the outlier with $27.6M in total net outflows.
What the numbers suggest
The latest inflows show that institutions may be quietly adding SOL at lower prices, even while the token keeps slipping.
But for now, there’s a clear disconnect:
- ETF inflows are turning positive,
- SOL price still can’t reclaim the $140 level.
Another inflow streak could help shift that — but for now, buyers seem more active in ETFs than in the open market.
