Grayscale SOL Trust Sees Significant Outflows

According to data from SoSoValue, the SOL spot ETF experienced a net outflow of $1.24 million during the trading days from April 27 to May 1, Eastern Time. According to ChainCatcher, the Grayscale SOL Trust (GSOL) was the primary contributor to this outflow, with a net outflow of $1.2396 million. Despite this, GSOL's historical total net inflow has reached $103 million. Notably, GSOL was the only one among eight ETFs to experience any fund movement last week, as the other seven saw no inflows or outflows. As of the time of reporting, the total net asset value of SOL spot ETFs stands at $858 million, with an ETF net asset ratio of 1.78% compared to SOL's total market value. The historical cumulative net inflow for SOL spot ETFs has reached $1.02 billion.