Solana’s spot exchange-traded funds in the United States recorded their first day of outflows on Wednesday, breaking the flawless streak they had held since launch.
Data from SoSoValue showed that the group of Solana ETFs posted $8.1 million in net outflows, marking a shift in sentiment after weeks of steady inflows. A single fund led the reversal.
The 21Shares Solana ETF, known as TSOL, saw more than $34 million leave the product in one session.
Since its debut, TSOL has now accumulated $26 million in net outflows and holds $86 million in assets under management.
The broader Solana ETF segment, however, absorbed much of the hit.
The Bitwise Solana Staking ETF, or BSOL, once again acted as the stabilizing force with a $13.33 million inflow on the day.
Its cumulative intake now sits at $527.79 million, keeping it firmly positioned as the leading Solana-related exchange-traded product in the U.S. market.
Grayscale’s Solana Trust (GSOL) also posted a positive trading session, recording $10.42 million in inflows.
The Fidelity Solana Fund (FSOL) added another $2.51 million, helping offset the outflows from TSOL.
According to data compiled by Solana Strategic Reserve, U.S. Solana ETF products collectively hold around 6.83 million SOL, valued near $964 million based on recent market prices.
XRP ETFs Maintain Perfect Inflow Streak
While Solana’s streak ended, XRP exchange-traded funds continue to defy broader volatility.
SoSoValue data indicated that the group of XRP ETFs has not recorded a single day of outflows since launching.
The category has now amassed $643 million in total cumulative inflows, underscoring strong investor demand for regulated exposure to the asset.
On Wednesday, the Bitwise XRP ETF (XRP) led the group with $7.4 million in new inflows.
Canary’s XRPC ETF followed with $5.2 million, while Franklin Templeton’s XRPZ and Grayscale’s GXRP each saw inflows of approximately $4 million.
The consistent activity suggests continued confidence in XRP as traditional investors expand their exposure to large-cap digital assets.
Dogecoin ETFs Struggle to Meet Launch Expectations
Dogecoin ETFs, which entered the market with considerable anticipation, have failed to mirror the performance of Solana and XRP products.
On Monday, the New York Stock Exchange approved the listing of the Grayscale Dogecoin Trust ETF (GDOG).
Prior to launch, Bloomberg ETF analyst Eric Balchunas predicted the product could debut with around $11 million in trading activity.
However, the actual volume fell well short.
On its first day of trading, GDOG generated just $1.4 million, coming in far below expectations for a pioneering spot fund tied to one of the largest memecoins.
Balchunas noted that the figure was “solid” compared to an average ETF debut but low for the first spot Dogecoin product.
New data from SoSoValue showed GDOG attracted $1.8 million in net inflows on Tuesday.
The momentum did not last.
On its second day, inflows fell to only $365,000, representing an 80% decline.
The sharp drop raises questions about whether investor appetite for memecoin-focused ETFs can match the hype seen on social media.