Solana Leverage ETF Sees Investors Tap the Brakes as Outflows Hit Nearly 2% of Assets
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The ProShares Ultra Solana ETF, SLON, recorded net outflows of $664,148 on January 12, 2026, a meaningful pullback that amounts to roughly 1.83% of its latest reported assets under management (AUM) of $36.21 million. The move suggests leveraged Solana traders are cooling their exposure after a volatile stretch in the underlying token.
The related asset, SOL-USD, is currently trading at $145.49 and has shed about 26.1% over the past three months, underscoring the sharp retracement from its prior rally. Despite that drawdown, the 1-day technical stance on Solana remains a cautious Hold, signaling neither a clear bullish reversal nor a decisive breakdown in the near term.
Against that backdrop, SLON’s latest outflow looks more like a positioning adjustment than a wholesale exit from Solana exposure. Leveraged products tend to amplify both gains and losses, so traders often trim risk when directional conviction fades or volatility spikes. If Solana stabilizes around current levels, future flows into SLON could become an early gauge of whether speculative appetite in the Solana ecosystem is set to return.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.