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HomeCrypto NewsSolana ETFs See Record Outflow as 21Shares' TSOL Bleeds $42M

Solana ETFs See Record Outflow as 21Shares’ TSOL Bleeds $42M

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“`json
{
“title”: “Solana ETF Outflows Hit Record High Despite Strong On-Chain Capital Inflows”,
“content”: “Investment products tracking Solana (SOL) experienced significant capital flight last week, with a record $32 million in net outflows recorded across the sector. This movement was primarily driven by substantial withdrawals from the 21Shares Solana Staking ETP (TSOL), which alone saw outflows totaling $42 million. The pronounced exit from exchange-traded products presents a notable contrast to recent on-chain data, which indicates robust capital deployment within the Solana ecosystem itself. Independent blockchain analytics reveal that over $321 million in new capital entered the Solana network through various decentralized applications and protocols during a comparable period. This divergence highlights a potential disconnect between institutional product flows and underlying network activity and investor behavior. Market analysts suggest the ETF outflows may reflect short-term profit-taking or portfolio rebalancing by institutional holders following SOL’s strong performance earlier in the year, rather than a fundamental loss of confidence in the network. The sustained on-chain capital commitment points to continued developer and user engagement with Solana’s high-throughput blockchain.”,
“tags”: [“Solana ETF”, “Cryptocurrency Investment”, “Blockchain Capital Flows”, “21Shares TSOL”, “On-Chain Analytics”]
}
“`

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