Leveraged Solana Bets Lose Steam as 2x Solana ETF Sees Fresh Outflows
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The 2x Solana ETF, ticker SOLT, recorded net outflows of $1,563,883 on February 02, 2026, trimming risk exposure in one of the market’s most volatile crypto-leveraged products. With assets under management now standing at approximately $244.9 million, the latest redemption wave represents about 0.64% of the fund’s AUM — a meaningful move for a single session in a geared ETF.
The pullback suggests investors are paring back leveraged long exposure after a bruising quarter for Solana. The related asset, SOL-USD, is trading around $103.06, having shed roughly 40.39% over the past three months. Short-term momentum remains weak, with the 1-day technical signal flashing Sell, underscoring a cautious tone among traders who had previously piled into high-octane Solana plays.
The combination of declining spot prices and a bearish technical backdrop appears to be pushing more tactical investors to de-risk, locking in losses or preserving capital rather than doubling down on a rebound. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.