Solana Bulls Hit the Brakes as 2x Solana ETF Sees Over $3.3 Million in Outflows
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The leveraged crypto vehicle 2x Solana ETF, trading under ticker SOLT, recorded net outflows of $3,360,849 on January 23, 2026, signaling a bout of investor caution after a bruising quarter for its underlying token. With assets under management now at $303.9 million, the latest redemption wave represents roughly 1.11% of the fund’s AUM—large enough to be noticed, but not yet indicative of a full-scale exodus.
The related asset, SOL-USD, is currently trading around $121.90, having shed about 36.8% over the past three months. The near-term picture looks fragile as well, with the 1-day technical signal flashing Sell, underscoring persistent downside pressure in Solana-linked products.
The combination of a sharp three-month drawdown and a short-term sell signal helps explain why some traders are de-risking from leveraged exposure, locking in remaining gains or cutting losses rather than doubling down on volatility. Still, the relatively modest share of AUM affected suggests many investors are opting to ride out the turbulence, betting that Solana’s longer-term network story can outlast the current technical weakness.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.