Leverage Trade on Thin Ice: 2x Solana ETF Draws Fresh Cash Despite Token Slump
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The 2x Solana ETF, SOLT, saw fresh inflows of $4,960,280 on March 4, 2026, even as its underlying token struggles. The move is notable given the fund’s latest assets under management of $154,562,325, meaning the new capital equals roughly 3.21% of AUM and signals renewed appetite for leveraged Solana exposure.
The related asset, SOL-USD, is currently trading at $87.45 after a bruising three-month slide of about 33.8%. That backdrop has not yet tipped short-term models bearish, with the 1-day technical signal still flashing Hold, suggesting traders are cautious rather than capitulating.
For SOLT investors, the latest inflows look like a tactical bet that Solana’s drawdown may be closer to the end than the beginning. Yet with leverage amplifying both gains and losses, the concentration of new money in a single day heightens volatility risk if Solana fails to stabilize or if macro risk sentiment sours further.
The combination of sizable new flows and a deeply negative three-month return underscores the divide between long-term skeptics and short-term speculators circling Solana. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.