Solana exchange-traded funds (ETFs) are experiencing a shift in investor demand after months of consistent growth. U.S.-listed funds recently recorded their first weekly withdrawals following a 14-week inflow streak. Meanwhile, Hong Kong has introduced its second spot Solana ETF, highlighting contrasting developments in the cryptocurrency investment market.
U.S. investors withdraw millions
U.S. Solana ETFs recorded $24.8 million in net outflows during the week ending October 9, 2026. After 14 consecutive weeks of positive inflows, the funds recorded withdrawals on seven of October’s first eight trading days. Despite the reversal, the amount represents only around 1.4% of the funds’ combined $1.72 billion in net assets.
Data from SoSoValue also shows cumulative net inflows of approximately $1.58 billion, suggesting substantial investor interest remains. Solana’s price has also faced pressure, falling 9.4% over the previous week to approximately $109. However, the cryptocurrency remains 7.3% higher over the past month, despite trading roughly 63% below its $293 peak.
Similar withdrawals have affected other cryptocurrencies. Ethereum ETFs experienced nine consecutive trading sessions of outflows, while Bitcoin funds recorded just one positive session during an otherwise difficult week. These developments suggest the selling pressure extends beyond Solana.
Hong Kong expands Solana investment
Hong Kong introduced its second spot Solana ETF on October 13, expanding regulated investment options for local investors. The launch follows the city’s first spot Solana fund, which debuted in October 2025. Unlike futures-based products, spot ETFs directly hold the underlying cryptocurrency, providing investors with exposure without requiring personal ownership of digital tokens.
Nevertheless, the timing does not necessarily indicate stronger confidence among Hong Kong investors. ETF approvals typically require months of preparation, meaning the launch was unlikely to be a response to recent U.S. withdrawals. Further weekly fund-flow figures could help determine whether Solana’s recent outflows represent a temporary correction or a sustained decline in investor demand.
