SOLT is trading at $70.28 (-2.42%) in pre-market as Solana weakness pressures its 2x exposure.
- SOLT is designed to deliver 2x Solana’s daily performance. Solana fell 2.70% to $115.39 early October 8 amid broad crypto declines and long liquidations.
- Higher Treasury yields, rising oil prices and geopolitical risk were cited as pressures on risk assets and crypto; major U.S. indexes are also lower.
- No new company-specific catalyst was identified.