U.S. spot exchange-traded funds tied to four altcoins recorded a net outflow of about $11.2 million Monday, Oct. 19, as Solana (SOL) and Zcash (ZEC) withdrawals exceeded inflows into NEAR Protocol (NEAR) and Litecoin (LTC) funds, SoSoValue data showed.
Solana funds posted $6.72 million in net withdrawals, extending their outflow streak to 11 trading days. Bitwise’s BSOL accounted for $4.88 million of the decline, while Fidelity’s FSOL accounted for $1.84 million.
The Grayscale Zcash ETF (ZCSH) recorded $10.45 million in net outflows, its third consecutive trading session of withdrawals. Together, Solana and Zcash funds lost about $17.2 million.
The Bitwise NEAR ETF (NRR) brought in $5.42 million, its third consecutive session of inflows. The Canary Litecoin ETF (LTCC) drew $581,140, ending a seven-session stretch with no net flows. The two inflows totaled about $6.0 million, leaving a net outflow of about $11.2 million across the four markets.
Nine other tracked altcoin ETF markets had no net flows, according to SoSoValue. The previous Friday’s session also paired Solana withdrawals with NEAR inflows, as EconoTimes reported in its Oct. 16 coverage.
