Solana’s spot exchange-traded funds, which launched on Oct. 28, had an uninterrupted run of inflows for 21 straight trading days—right up until the day before Thanksgiving—before finally showing signs of cooling.

After an explosive November, during which investors funneled millions into the new U.S.-listed SOL ETFs, demand eased last week. The products posted a combined outflow of $8.10 million on Friday, the first negative reading since their debut, according to data from SoSoValue. Although buyers briefly returned that same day with more than $5 million in fresh inflows, Monday saw the trend reverse again as funds processed $13.55 million in redemptions.

The slowdown comes after a three-week stretch of consistent inflows that sharply contrasted with the performance of bitcoin and ether ETFs, which suffered billions in withdrawals during November’s market downturn.

Even with the recent pause, Solana ETFs remain a standout. Since their Oct. 28 launch, the products have attracted more than $600 million in net inflows. Bitwise’s BSOL has dominated the field, bringing in over $540 million on its own. Grayscale’s GSOL ranks a distant second, with nearly $80 million in net inflows.

Over the same period, investors have pulled more than $3 billion from bitcoin ETFs and over $1 billion from ether ETFs.

The relative strength of SOL products highlights growing institutional appetite beyond the long-established BTC and ETH categories. Reinforcing this trend, Franklin Templeton filed with the SEC on Nov. 21 to launch its own Solana ETF, citing sustained demand for regulated investment vehicles that offer exposure to the high-performance blockchain without requiring direct token ownership.