Bitwise Solana Staking ETF (BSOL) See First Outflow of $4.6M

The Bitwise Solana Staking ETF experienced its first outflow of $4.6M since its inception, as investors panicked amid the crypto market crash ahead of the BOJ rate hike.

The Solana Staking ETF has experienced its first outflow since its inception, due to widespread panic in the cryptocurrency market. Daily trade volume on BSOL reaches a new low as institutions fear a crash. On Tuesday, the SOL price fell more than 6% to a low of $124.

Bitwise Solana Staking ETF (BSOL) breaks its inflow streak.

On December 16, Farside Investors reported a $4.6 million outflow from the Bitwise Solana Staking ETF. This is the first-ever outflow from the premier fund that provides 100% direct exposure to SOL with built-in staking rewards.

Bitwise Solana Staking ETF sold nearly 36.86k SOL, marking its lowest daily trading volume. It signals negative investor sentiment, a significant shift in the wake of the last crypto market fall.

The Bitwise Solana Staking ETF, which provides 100% direct exposure to SOL with built-in staking incentives, has retained high institutional demand since its inception in late October, despite the crypto market's heightened fears.

However, the recent outflow indicates nervousness among institutional investors ahead of a possible rate hike by the Bank of Japan (BOJ) later this week. Furthermore, experts anticipate a drop in trade volumes in the following days due to the holiday season.

Meanwhile, net inflows into spot Solana ETFs totaled $35.20 million. Fidelity Solana ETF (FSOL) received $38.7 million in inflows on Monday. The FSOL saw its most significant inflow to date. Other SOL ETFs received limited inflows.

SOL price Crash amid bearish sentiment

SOL's price has fallen by more than 6% in the last 24 hours, and it is now trading around $126. The current 24-hour low and high are $124 and $134.72, respectively.

Furthermore, trading volume has risen by 73% in the past 24 hours. The gain comes as traders buy the dip following the announcement that CME's spot-quoted Solana futures will be launched.

Furthermore, Ondo Finance announces an expansion of the Solana network in early 2026, bringing tokenized equities, bonds, and ETFs to the blockchain.

CoinGlass data also shows substantial selling in the futures market, which coincides with an outflow from the Bitwise Solana ETF. At the time of writing, total SOL futures open interest had declined nearly 2% to $7.09 billion in the previous four hours.

According to cryptocurrency researcher Ali Martinez, Solana is currently priced between $145 and $124. Further pullbacks could lead to significant liquidations. The 24-hour futures open interest fell by more than 4%, with drops of 4% and 0.90% on CME and Binance, respectively. This reflects negative sentiment among derivatives traders during a broader drop in the cryptocurrency market.