U.S. spot Solana ETFs saw a $32.19 million outflow, the largest since their launch. The majority came from 21Shares’ TSOL product.

Despite the ETF weakness, Solana’s on-chain fundamentals remain strong. Over $321 million has flowed onto the layer-1 network in the past month.

Altcoins like Fartcoin and ZCash have shown strong bounce-back ability.

Bitcoin’s recent selloff and subsequent recovery have eased near-term pressure, but the outlook remains uncertain pending the Federal Reserve’s interest rate decision.

Myriad predictors give Bitcoin an 80% chance of hitting $100,000 before $80,000.

Read more at Yahoo Finance: Solana ETFs See Record Outflow as 21Shares’ TSOL Bleeds $42M