Breaking: Bitwise Solana Staking ETF Sees First Ever Outflow as Market Fear Spikes

The Bitwise Solana Staking ETF (BSOL) has recorded its first outflow since launch, signaling a shift in institutional sentiment amid heightened crypto market volatility.

Key Highlights

• BSOL records a $4.6 million outflow, its first since debut

• Nearly 36,860 $SOL sold, pushing daily volume to a record low

• Market anxiety grows ahead of a possible Bank of Japan rate hike

• SOL price drops over 6%, touching $124

What’s Happening

According to data from Farside Investors, BSOL posted a $4.6 million outflow on December 16. This ended the ETF’s consistent inflow streak since its launch in late October. The fund, which offers direct exposure to Solana along with staking rewards, also recorded its lowest trading volume to date.

The move reflects rising institutional caution as the broader crypto market remains under extreme fear. Analysts point to macro uncertainty, including expectations of tighter monetary policy from the Bank of Japan and reduced liquidity ahead of the holiday season.

Despite the outflow from BSOL, spot Solana ETFs still saw net inflows of $35.2 million. Fidelity’s Solana ETF (FSOL) led the way with $38.7 million, its largest single day inflow so far, while other SOL ETFs posted marginal activity.