Traders Rush Into Leveraged Solana ETF Despite Steep Token Selloff

Solana Leverage Bet Draws Fresh Cash Even as Token Slides

ProShares’ ProShares Ultra Solana ETF, SLON, absorbed $3,306,195 in new money on February 05, 2026, a hefty single-day inflow for the leveraged crypto fund. The move lifted its assets under management to $17,618,981, with the latest flow amounting to roughly 18.8% of AUM and signaling renewed speculative interest despite a choppy backdrop.

The related asset, SOL-USD, is trading around $81.75, down about 43.3% over the past three months as risk appetite cooled across the digital-asset complex. Yet the token’s 1-day technical backdrop is flashing a cautious note, with a Strong Sell signal that contrasts sharply with the sharp inflows into SLON.

The divergence between price momentum and ETF demand suggests traders may be timing a potential rebound in Solana or using SLON as a high-octane vehicle for short-term positioning. With nearly one-fifth of the fund’s capital turning over in a single session, liquidity and volatility in this niche product are likely to remain elevated as crypto sentiment continues to swing. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.