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 $1,669,250 on January 08, 2026, trimming exposure in a market already grappling with sharp volatility. The move affects roughly 0.51% of the fund’s latest assets under management, which stand at $330.2 million, signaling that a portion of leveraged traders is stepping back rather than doubling down on recent price weakness.
The related asset, SOL-USD, is currently trading at $138.32, having shed about 38.2% over the past three months. That steep decline underscores the brutal reversal in sentiment around Solana, which had been one of the standout performers earlier in the cycle. Despite the drawdown, the short-term technical stance remains cautious rather than outright bearish, with a one-day signal of Hold, suggesting traders are waiting for clearer direction before making aggressive new bets.
The latest flow in SOLT highlights how leveraged crypto products can act as sentiment amplifiers: when underlying prices stumble, even modest de-risking can translate into sizeable dollar outflows. With Solana still under pressure and technicals mixed, leveraged ETF investors appear more inclined to protect capital than to chase a quick rebound. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.