Leveraged Solana Bulls Hit the Brakes as 2x Solana ETF Sees Notable Outflow
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The 2x Solana ETF, trading under ticker SOLT, recorded net outflows of $1,580,882 on January 22, 2026, in a move that signals growing caution among leveraged crypto traders. The latest redemption represents roughly 0.49% of the fund’s $320.5 million in assets under management (AUM), a meaningful shift for a product designed to magnify the daily performance of its underlying token.
The related asset, SOL-USD, is currently trading around $126.91, having shed approximately 34.1% over the past three months. That drawdown underscores the volatility facing Solana investors after a strong run earlier in the cycle. Short-term sentiment has turned defensive as well, with the one-day technical signal flashing Sell, suggesting momentum and trend indicators are skewing to the downside.
For SOLT, the latest outflow may reflect a mix of profit-taking from earlier rallies and forced de-risking as traders reassess leverage in a choppy market. Leveraged products tend to see exaggerated positioning swings when underlying assets enter correction territory, and Solana’s recent slump appears to be no exception. Still, with more than $320 million in AUM, the fund remains a sizable vehicle for traders who believe Solana’s pullback could set the stage for the next leg higher once technicals stabilize.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.