Solana ETF Bucks the Slump: ProShares’ Leveraged SLON Draws Fresh Inflows Despite Price Slide
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The ProShares Ultra Solana ETF, SLON, attracted $690,790 in net inflows on January 29, 2026, a notable move for a fund with approximately $30.26 million in assets under management (AUM). The latest flow represents about 2.28% of SLON’s total AUM, signaling renewed appetite for leveraged exposure to Solana even as the underlying token endures a sharp pullback.
The related asset, SOL-USD, is currently trading around $116.22, down roughly 36.9% over the past three months. The 1-day technical setup points to a near-term bearish tone, with a Sell signal suggesting that momentum and trend indicators remain under pressure.
That divergence—fresh capital flowing into SLON amid weak Solana price action—highlights how some traders are positioning for a rebound or seeking to tactically trade volatility via leveraged vehicles rather than retreating from the ecosystem altogether. With more than 2% of its AUM turning over in a single day through new inflows, SLON’s latest move underscores sustained speculative interest in Solana-linked products, even as longer-term holders digest a steep three-month drawdown.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.