Key Takeaways
- • US spot Solana funds recorded a net outflow of $30.3M over five trading days ending October 22, 2026, including $8.5M on October 22 alone.
- • None of the seven major US Solana spot funds recorded inflows on October 22, signaling a lack of new institutional demand.
- • SOL traded near $101.83 on October 22, down 2.6% on the day and close to its monthly low of $100.32, with the 50-day moving average at $109.62 acting as resistance.
- • The largest outflows came from the Bitwise Solana Staking ETF and Grayscale Solana Trust, with staking lock-up periods delaying some token sales at Bitwise.
- • Analysts flagged the $100 price zone as the level to watch for buyer interest in the coming days.
Summary
US spot funds holding Solana (SOL) experienced a net outflow of $30.3 million over five trading days ending October 22, 2026, according to the source article. The outflow included $8.5 million on October 22 alone. None of the seven major US Solana spot funds recorded inflows that day, which the report characterizes as a lack of new institutional demand.
The outflow is small relative to Solana's roughly $60 billion market capitalization. The absence of inflows, however, is described as the more notable signal, suggesting weak buying interest. The largest redemptions came from the Bitwise Solana Staking ETF and the Grayscale Solana Trust. In the Bitwise product's case, the staking mechanism delays token sales because of lock-up periods.
On October 22, SOL traded around $101.83, down 2.6% from the prior day and close to its monthly low of $100.32. The source notes that weak flows could keep SOL below key resistance, including the 50-day moving average at $109.62. Attention is focused on whether the $100 zone attracts buyers in the coming days, which would help clarify the near-term trend.
The article notes that European retail investors typically cannot access these US funds because of regulatory restrictions, so any price impact on that cohort is indirect, transmitted through the spot market. Pluang's market snapshot as of October 24, 2026, showed 6 of 50 major cryptocurrencies rising and 43 falling that day, with SUSHI, GRT and SNX among the notable decliners.
The outflow is small relative to Solana's roughly $60 billion market capitalization. The absence of inflows, however, is described as the more notable signal, suggesting weak buying interest. The largest redemptions came from the Bitwise Solana Staking ETF and the Grayscale Solana Trust. In the Bitwise product's case, the staking mechanism delays token sales because of lock-up periods.
On October 22, SOL traded around $101.83, down 2.6% from the prior day and close to its monthly low of $100.32. The source notes that weak flows could keep SOL below key resistance, including the 50-day moving average at $109.62. Attention is focused on whether the $100 zone attracts buyers in the coming days, which would help clarify the near-term trend.
The article notes that European retail investors typically cannot access these US funds because of regulatory restrictions, so any price impact on that cohort is indirect, transmitted through the spot market. Pluang's market snapshot as of October 24, 2026, showed 6 of 50 major cryptocurrencies rising and 43 falling that day, with SUSHI, GRT and SNX among the notable decliners.
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