Solana ETF is trading at $7.76 (-4.75%) following a broad crypto selloff and Bitcoin's decline below the $70,000 level.
- Spot Bitcoin ETFs recorded an 11th consecutive day of outflows, signaling sustained pressure on the broader digital-asset complex.
- Geopolitical tensions in the Middle East and reduced expectations for Fed rate cuts are further weighing on speculative risk exposure.
- The move reflects sector-level de-risking rather than fund-specific news, as broader equity markets have not shown comparable weakness today.