Solana's Leveraged Play Hits Pause as SOLT Sees Outflows Amid Near-$100 Rally

Solana's leveraged play is experiencing a pause in momentum. The 2x Solana ETF, SOLT, saw outflows of $1,099,770 on September 11, trimming risk exposure after its summer run. With assets under management at roughly $169.7 million, the latest redemption wave represents about 0.65% of AUM.

The related asset, SOL-USD, is trading at $99.85, up an impressive 47.5% over the past three months. Despite the ETF outflows, the 1-day technical signal on the underlying asset remains firmly tilted toward a Buy, suggesting traders may be rotating rather than abandoning the theme.

Analysts note that the combination of robust spot performance and ETF outflows may reflect profit-taking by leveraged speculators, rather than a fundamental shift in sentiment toward Solana. As volatility picks up across the crypto complex, investors appear to be recalibrating exposure while keeping one foot in the trade.