Solana Leveraged ETF Sees Investors Hit the Brakes as Outflows Deepen
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The 2x Solana ETF, SOLT, recorded fresh outflows of $4.81 million on April 30, 2026, underscoring growing caution toward leveraged bets on the token. With assets under management now at $137.68 million, the latest redemption wave represents roughly 3.50% of the fund’s capital base, a sizable single-day pullback for a niche crypto product.
The related asset, SOL-USD, is currently trading at $83.92 after shedding about 16.9% over the past three months, a decline that has eroded confidence in high-octane Solana exposure. Short-term momentum remains weak, with the one-day technical signal flashing Sell, a backdrop that likely intensified redemptions from the 2x vehicle.
The combination of negative price action and a bearish short-term setup suggests traders are de-risking rather than attempting to time a rebound via leverage. With nearly three and a half percent of AUM exiting in a single session, SOLT’s flows highlight how quickly sentiment can turn in leveraged crypto ETFs when volatility cuts against the trade. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.