Investors Hit the Brakes on 21Shares Solana ETF as Outflows Top 10% of Assets
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The 21Shares Solana ETF, ticker TSOL, saw a sharp reversal in sentiment on January 21, 2026, with net outflows of $513,520. The redemption wave, amounting to roughly 10.8% of the fund’s $4.75 million in assets under management (AUM), marks a significant vote of caution from holders after a turbulent stretch for Solana.
The related asset, SOL-USD, is currently trading around $130.06, having shed about 29.3% over the past three months. That slide underpins the nervous positioning seen in TSOL, as traders reassess exposure to higher-beta crypto names amid shifting risk appetite. Technically, short-term momentum is still pointing lower, with the 1-day signal flashing Sell, reinforcing the defensive tilt in ETF flows.
While a single session of heavy outflows does not define a long-term trend, the scale of the move relative to TSOL’s size suggests that a meaningful cohort of investors is locking in remaining gains or cutting risk rather than buying the recent dip in Solana. Market participants will now watch whether this outflow proves to be a capitulation event or the start of a more extended rotation out of Solana-focused products.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.