Solana ETFs Record First Outflows Since Launch as SOL Price Rebounds to $140

Key Notes

21Shares drove aggregate outflows with $34 million in redemptions while Bitwise and Grayscale continued accumulating positions.

Most ETF holders remain underwater with average cost basis near $151, reducing likelihood of mass liquidations at current levels.

Technical resistance at the 20-day moving average ($152) must be cleared before SOL can target the $168 level.

On Nov. 27, Solana SOL $141.6 24h volatility: 0.6% Market cap: $79.19 B Vol. 24h: $4.99 B price reclaimed the $140 threshold for the first time since mid-month. The rebound arrived alongside a notable shift in ETF flows, as Solana ETFs logged $8.2 million in net withdrawals, the first negative session since launch.

ETF issuers recorded their first outflow day after a 22-day inflow