Solana leverage fund hit by sharp outflows as traders reassess risk
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The 2x Solana ETF, SOLT, saw significant redemptions on April 27, 2026, with investors pulling $8.75 million from the product. The latest move represents roughly 5.85% of its $149.6 million in assets under management, a meaningful swing for a single day in a concentrated, leveraged crypto vehicle.
The related asset, SOL-USD, is currently trading at $85.31 after shedding more than 25% over the past three months. Yet the short-term tone has turned more constructive, with a 1-day technical signal flashing Buy, suggesting some traders see scope for a near-term rebound despite the broader downtrend.
The contrast between sizeable outflows from SOLT and improving technicals in Solana itself hints at a repositioning away from leveraged exposure rather than a wholesale rejection of the token. Some investors may be de-risking after a volatile quarter, while others could be preparing to re-enter via spot or less aggressive vehicles if momentum stabilizes.
Still, when nearly 6% of an ETF’s capital exits in a single session, it underscores how sensitive leveraged crypto products are to sentiment swings. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.