Solana Leverage Trade Cools as 2x Solana ETF Sees Heavy Outflow
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The 2x Solana ETF, SOLT, recorded a sharp outflow of $5.64 million on March 24, 2026, trimming leverage bets after recent volatility in the underlying token. With assets under management at $162.17 million, the latest redemption wave accounts for roughly 3.48% of the fund’s capital, signaling a notable pullback from speculative traders.
The related asset, SOL-USD, is currently trading at $92.59 after a bruising three months that saw the token slide about 25.42%. Yet the short-term tone has turned more constructive, with the 1-day technical signal flashing Buy, suggesting some traders see the latest drawdown as a tactical entry point.
The divergence between ETF flows and spot signals underscores a market still grappling with Solana’s risk profile and leverage fatigue following its recent correction. While the outflows from SOLT hint at waning appetite for amplified exposure, improving technicals in SOL-USD could tempt sidelined investors back, especially if broader crypto sentiment stabilizes in the weeks ahead.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.