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Solana (SOL) ETFs Post $10.56 Million Outflow, Largest Among Altcoins

Solana (SOL) and XRP (XRP) ETFs recorded a second trading session of outflows; Hedera (HBAR) funds turned negative after two sessions with no net flow.

Updated 1 min read
Pedestrians walk along Broad Street in New York's Lower Manhattan financial district. / TokenPost.ai
Pedestrians walk along Broad Street in New York's Lower Manhattan financial district. / TokenPost.ai

Three altcoin exchange-traded fund (ETF) groups recorded net outflows on Nov. 10, led by Solana (SOL) products; 10 others were flat, leaving no group with an inflow, SoSoValue data showed.

Hedera (HBAR) funds recorded a $178,970 net outflow, while XRP (XRP) ETFs registered $7.62 million in withdrawals. Solana products had $10.56 million in outflows, the largest among the tracked groups.

Within XRP products, Grayscale's GXRP accounted for $7.17 million in outflows and Canary's XRPC for $449,756. Bitwise's BSOL had $8.17 million in withdrawals from Solana funds, while Grayscale's GSOL recorded $2.39 million.

The Solana and XRP groups each had $1.19 billion in net assets. Their cumulative net inflows were $1.52 billion and $1.80 billion, respectively, according to SoSoValue.

The 10 unchanged groups were Dogecoin (DOGE), Chainlink (LINK), Avalanche (AVAX), Hyperliquid (HYPE), Litecoin (LTC), Polkadot (DOT), BNB, TRON (TRX), Zcash (ZEC) and NEAR. Hyperliquid funds finished at zero net flow after withdrawals in each of the previous four trading sessions.

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