US spot Solana (SOL) exchange-traded funds (ETFs) lost $19.16 million on Tuesday, October 27, their largest daily outflow since December 3, 2025.
The selling comes as SOL trades at $101.87, according to BeInCrypto Markets data. Analysts watching SOL’s charts see $100 as key support, and the token now sits less than $2 above it.
October Is Now the Worst Month for Solana ETFs
SoSoValue data shows only one session since launch topped Tuesday’s exit, the $32.19 million outflow on December 3, 2025. With $8.23 million also withdrawn on Monday, the funds are on track for their worst week since launch.
This week’s $27.38 million loss already exceeds the $25.52 million that left in the week ending October 16. It also tops the $24.81 million exit in the week ending October 9, which ended a 14-week buying streak.
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Month-to-date outflows have reached $99.62 million. June, the only other month in the red, lost about $787,000.
Total net assets fell to $1.54 billion from $1.96 billion on September 25. Cumulative net inflows dropped about $93 million over that period, which means SOL’s falling price accounts for most of the decline.
Can SOL Hold the $100 Line?
SOL has fallen 13.8% so far in October putting it on track for its eighth losing month of 2026. Over the past week, it is down 3.7%.
On October 21, with SOL near $106, BeInCrypto flagged a possible head-and-shoulders pattern with a neckline near $100. A daily close below that level would confirm the pattern and put $80 in play.
MCO Global Research places hourly support between $98.86 and $100.47, with a swing low at $98.62. The firm says a new low would add evidence for further downside, while a move above $109.20 would undo its bearish count.
According to CryptoRank data, November has historically favored SOL, with a median gain of 15.3% since 2020. However, last November the token fell 28.3% even as the newly launched ETFs drew $419.38 million, their biggest month on record.
That precedent shows ETF demand alone did not protect the price a year ago. With the funds now selling amid price volatility, whether spot buyers absorb those redemptions may decide if the head-and-shoulders confirms.
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