Solana Jitters: Leveraged ProShares ETF Sees Nearly 2% of Assets Walk Out the Door
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The ProShares Ultra Solana ETF, SLON, faced notable outflows on December 18, 2025, as investors pulled $562,800 from the leveraged crypto fund. With assets under management now at about $29.41 million, the redemption represented roughly 1.9% of the ETF’s total AUM in a single session, signaling mounting investor caution toward high-beta Solana exposure.
The related asset, SOL-USD, is currently trading at $126.20, having shed approximately 47.7% over the past three months. The sharp drawdown underscores how quickly sentiment has turned against one of 2025’s most closely watched layer-1 tokens. Short-term momentum remains weak as well, with the 1-day technical signal flashing a firm Sell, reinforcing the cautious stance reflected in SLON’s latest flows.
For leveraged products like SLON, which amplify Solana’s moves, such a pronounced price retreat can accelerate risk-off positioning as traders de-lever or lock in remaining profits. The nearly 2% daily hit to assets suggests that some investors are unwilling to ride out further volatility, even as others may view the drawdown as a potential entry point into a beaten-down but still systemically important crypto asset.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.