Solana News: Solana ETFs Break Perfect Inflow Streak as 21Shares’ TSOL Sees $34M Withdrawal; XRP Funds Extend Record Run

U.S. spot Solana exchange-traded funds (ETFs) posted their first net outflow day since launch, breaking a previously uninterrupted streak of inflows that distinguished the products from broader crypto ETF weakness seen across Bitcoin and Ether funds.According to data from SoSoValue, Solana ETFs logged a combined $8.1 million in net outflows on Wednesday, marking their first decline after weeks of consistent demand.21Shares’ TSOL ETF Drives the Reversal With $34M in One-Day WithdrawalsThe setback was almost entirely driven by the 21Shares Solana ETF (TSOL), which saw $34.31 million withdrawn in a single session.Solana ETF performance data. Source SoSoValueTSOL is now the only Solana ETF with negative cumulative flows, sitting at $26 million in net outflows since launch with $86 million in assets under management.Other Solana ETF products absorbed much of TSOL’s retreat:Bitwise Solana Staking ETF (BSOL):+$13.33M daily inflow; cumulative inflows now $527.79MGrayscale Solana Trust (GSOL):+$10.42M daily inflowFidelity Solana Fund (FSOL):+$2.51M daily inflowThe Solana Strategic Reserve estimates ETF issuers collectively hold 6.83 million SOL, valued at approximately $964 million.Despite the sharp TSOL withdrawal, sector-wide inflows and on-chain data suggest that institutional appetite for Solana exposure remains intact, though momentum has clearly cooled compared to the exuberance seen earlier in November.XRP ETFs Maintain Perfect Inflow Streak as Demand Builds Across IssuersWhile Solana’s flawless run ended, the newly launched XRP ETFs continue to post zero outflow days, a rare achievement among crypto funds navigating volatile market conditions.Cumulative XRP ETF flows have reached $643 million, according to SoSoValue, with all four issuers recording positive intake.Daily inflows on Wednesday:Bitwise XRP ETF (XRP): +$7.4MCanary XRPC ETF: +$5.2MFranklin Templeton XRPZ ETF: +$4MGrayscale GXRP ETF: +$3.9MThe consistency contrasts sharply with Bitcoin and Ether ETF performance in recent weeks, both of which have faced multiday outflow streaks amid broader market drawdowns.Dogecoin ETFs Struggle to Gain Traction After LaunchThe first U.S. spot Dogecoin ETF underwhelmed in its market debut, despite strong expectations following regulatory approval.The Grayscale Dogecoin Trust ETF (GDOG), approved for listing on the New York Stock Exchange earlier this week, generated only $1.4 million in first-day trading volume.This was far below pre-launch projections from Bloomberg ETF analyst Eric Balchunas, who estimated an opening-day performance closer to $11 million.GDOG’s early flow data remains modest:Day 1 net inflow: $1.8MDay 2 net inflow: $365,000 (an 80% decline)Analysts noted that while the launch was “solid” for an average ETF, the performance was notably weak relative to the excitement surrounding the first spot DOGE product.