Solana Nerves Show as Canary Marinade ETF Bleeds a Third of Its Assets in a Day
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The Canary Marinade Solana ETF, ticker SOLC, saw a sharp bout of outflows on January 05, 2026, with investors pulling $509,584 from the fund. The single-day redemption amounts to roughly 31.6% of its latest assets under management, which now stand at $1,612,656—an unusually large proportional move that underscores mounting caution around Solana-linked products.
Such a sizeable drawdown in one session suggests that a concentrated group of holders is de-risking rather than a slow trickle of retail money. For a relatively small, niche vehicle like SOLC, this type of swing can amplify volatility in both fund performance and investor sentiment, even if it does not materially move the underlying market on its own.
The related asset, SOL-USD, is currently trading around $134.18, having dropped roughly 39.5% over the past three months. Despite the heavy medium-term losses, the 1-day technical signal sits at a more neutral Hold, suggesting that, at least in the very short term, traders see consolidation rather than an immediate continuation of the selloff.
The disconnect between a neutral daily technical stance and aggressive ETF withdrawals highlights a broader theme in crypto markets: structural vehicles like ETFs can react more violently to shifts in risk appetite than spot prices alone would indicate. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.