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NewsSignals AI analysis·Via TRADINGVIEW·

Key facts: Solana ETFs log $71.47M outflows; Solmate holds 1.26M SOL

Grade Abearish AI signal$SOL
U.S.-listed spot Solana ETFs recorded $71.47 million in net outflows last week, marking their largest weekly withdrawals since launch and extending the outflow streak to four consecutive weeks. Meanwhile, Solmate Infrastructure reported holding 1.26 million SOL as of October 29, with its assets custodied at Kraken, Anchorage Digital or BitGo and no Binance exposure. Persistent ETF withdrawals could continue pressuring SOL sentiment, although Solmate's substantial holdings highlight continued institutional exposure to Solana.

Bullish strength: 35/100

  • Solmate Infrastructure reported holding 1.26 million SOL as of October 29.
  • Solmate stated it has no Binance accounts or exposure.
  • Solmate's holdings are custodied at Kraken, Anchorage Digital or BitGo.

Bearish strength: 65/100

  • U.S.-listed spot Solana ETFs recorded $71.47 million in weekly net outflows.
  • Withdrawals marked the largest weekly outflows since ETF launch.
  • Solana ETFs experienced a fourth consecutive week of withdrawals.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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