Spot Solana ETFs in the US recorded a daily outflow of $19.16 million on October 27, marking the largest single-day withdrawal since December 3, 2025. This follows a $8.23 million outflow on Monday, putting the funds on track for their worst weekly performance since inception. Total monthly outflows for October have reached $99.62 million, surpassing the previous record for a negative month set in June, which saw outflows of approximately $787,000.
The total net assets of these funds have declined to $1.54 billion from $1.96 billion on September 25. Data indicates that cumulative net inflows dropped by about $93 million during this period, with the decrease largely attributed to the falling price of SOL. The token is currently trading at $101.87, having declined 13.8% in October, which puts it on track for its eighth losing month of 2026.
Market analysts are closely monitoring the $100 support level for SOL. According to MCO Global Research, hourly support lies between $98.86 and $100.47, with a swing low at $98.62. A daily close below the $100 neckline could confirm a head-and-shoulders pattern, potentially pushing the price toward $80. Conversely, a move above $109.20 would invalidate this bearish outlook.
Historical data from CryptoRank shows that November has historically favored SOL with a median gain of 15.3% since 2020. However, the token fell 28.3% in November 2025 despite record ETF inflows of $419.38 million. This suggests that ETF demand does not guarantee price stability, and the current market trend depends on whether spot buyers can absorb the ongoing redemptions from the funds.
