Solana ETF Sees $2.4M Outflow Amid Rally
Solana's leveraged investment play is facing challenges as evidenced by the performance of the 2x Solana ETF, SOLT. On August 31, 2026, this ETF recorded net outflows of $2,395,732, reducing its assets under management to $196.2 million. This single-day redemption represents approximately 1.22% of AUM, suggesting that traders are taking profits or reducing their risk exposure.
The underlying asset, SOL-USD, is currently trading at $98.57, up about 43.22% over the past three months. Despite the ETF outflows, Solana's short-term technical backdrop remains constructive, with a 1-day signal flashing Buy. This indicates that momentum traders still see upside potential in the asset.
The contrast between strong underlying price action and leveraged ETF withdrawals highlights growing caution around amplified crypto exposure. Investors appear to be locking in gains in the derivative product while leaving room to participate directly in Solana's rally.