Solana Shakeout: Canary Marinade ETF Sees One-Third of Assets Walk Out in a Day
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The Canary Marinade Solana ETF, SOLC, suffered a sharp bout of outflows on January 05, 2026, with investors pulling $509,584 from the fund. The redemption wave is significant relative to its size: with latest assets under management at $1,613,112, the move represents roughly 31.6% of SOLC’s capital base exiting in a single session.
The ETF’s focus on Solana exposure has left it vulnerable to renewed volatility in the underlying token. The related asset, SOL-USD, is currently trading at $136.93 after a bruising three months, during which it has dropped about 36.4%. Short-term traders appear divided, with the 1-day technical signal flashing a cautious Hold, underscoring a lack of conviction about an immediate rebound despite the steep drawdown.
The combination of heavy outflows and a deep three-month price slide suggests some SOLC investors are capitulating rather than riding out the turbulence, even as others appear to be waiting on clearer technical confirmation before re-entering. With such a large slice of AUM redeemed in one day, the ETF’s future asset growth may hinge on Solana’s ability to stabilize and re-attract risk appetite in a still-fragile crypto market.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.