Solana ETF Sees Significant Outflows as Token’s Slide Deepens

Solana ETF Sees Withdrawals as Token Slides: VanEck’s VSOL Faces Heat

The VanEck Solana ETF, VSOL, recorded outflows of $554,115 on February 17, 2026, underscoring renewed investor caution toward Solana-linked products. The redemption represents roughly 3.43% of the fund’s latest assets under management, which now stand at $16.14 million, marking a notably chunky single-day hit to the ETF’s base.

The related asset, SOL-USD, is currently trading at $84.90 after a steep three-month slide of about 35.8%, a drawdown that has eroded much of the speculative froth built up in prior rallies. Technically, the token is flashing a near-term warning, with a 1-day signal of Sell, which may be adding pressure on ETF investors to lock in remaining gains or cut losses.

The combination of sharp price weakness and a bearish technical backdrop suggests that some holders of VSOL are repositioning away from single-chain exposure amid broader uncertainty in altcoins. Yet, with only a mid-single-digit share of AUM moving out in this latest bout, the flows also hint that a core base of conviction investors may be staying put, potentially betting on a medium-term Solana recovery.

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