Solana jitters hit ETF market as 21Shares’ TSOL fund sees sharp outflows. The 21Shares Solana ETF recorded net redemptions of $503,050 on February 4, 2026, pulling a hefty 17.8% of its $2.83 million in assets under management in a single day. The move underscores how quickly sentiment can sour in thinly capitalized crypto-linked products.
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The related asset, SOL-USD, is currently trading at $80.68 after a bruising three months, during which it has slumped about 47.7%. Its 1-day technical signal now flashes Sell, reinforcing the cautious tone among traders and helping explain why ETF investors rushed to cut exposure.
Such a large outflow relative to AUM can exacerbate volatility, as issuers may need to rebalance rapidly in underlying Solana markets. It also highlights how single-asset crypto ETFs remain highly sensitive to short-term technical shifts and narrative swings, compared with broader diversified digital-asset products that can better absorb episodic risk-off moves.
Still, TSOL’s remaining asset base suggests some investors are willing to ride out the drawdown, possibly betting on a longer-term recovery in Solana’s ecosystem activity and developer momentum. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.