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Grayscale Solana Trust Records $2.6 Million Outflow as Streak Hits 12 Sessions

The seven-fund group lost $33.1 million over five trading sessions, though its cumulative net inflow since launch remained $1.54 billion.

Updated 1 min read
Pedestrians pass the entrance to 290 Harbor Drive in Stamford, Connecticut. / EconoTimes.ai
Pedestrians pass the entrance to 290 Harbor Drive in Stamford, Connecticut. / EconoTimes.ai

A $2.6 million withdrawal from Grayscale Solana Trust (GSOL) on Oct. 20 pushed the seven tracked U.S. spot Solana (SOL) funds to a 12th straight session of net outflows.

The other six products in the group recorded no net flow. GSOL was the sole source of the day's withdrawals, and none of the tracked funds posted an inflow.

The group's daily loss narrowed from $6.7 million on Oct. 19, when its outflow streak reached 11 sessions. Bitwise Solana Staking ETF (BSOL) accounted for $4.9 million of that session's withdrawals, while Fidelity Solana Fund (FSOL) recorded $1.8 million.

The current stretch of net withdrawals began Oct. 5. During the five sessions ending Oct. 20, net withdrawals totaled $33.1 million. Their cumulative net inflow since launch stood at $1.54 billion after the latest withdrawal.

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