Solana Sentiment Sours as 21Shares TSOL ETF Sees Double-Digit Outflow
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The 21Shares Solana ETF, TSOL, recorded a sharp outflow of $513,520 on January 21, 2026, in a notable bout of investor risk-off behavior toward Solana-linked products. With total assets under management now standing at roughly $4.8 million, the latest redemption wave represents about 10.7% of the fund’s AUM, a sizable single-day swing that underscores mounting skepticism around the Solana trade.
The exodus comes against a backdrop of sustained weakness in the underlying token. The related asset, SOL-USD, is currently trading at $121.90 after shedding roughly 36.8% over the past three months, erasing a large portion of its prior rally and raising questions about the durability of institutional enthusiasm. Short-term sentiment remains fragile, with the 1-day technical signal flashing a cautious Sell, aligning with the sizable capital pullback from TSOL.
For ETF investors, the magnitude of Monday’s outflow hints at position trimming rather than a complete capitulation, but the move does suggest that Solana’s recent volatility is starting to bite into the narrative of it as a durable high-beta play on the broader crypto market. If SOL’s price slide persists and technicals fail to stabilize, TSOL could see further redemptions as traders rotate into either more diversified crypto exposure or back into cash.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.