SOLT is trading at $55.29, with a -4.21% change in pre-market as Solana weakness weighs on the fund.

  • SOLT seeks twice Solana’s daily performance, leaving it exposed to continued weakness in the underlying token.
  • Solana traded near $102.50 overnight, about 13% below its October 1 opening price; spot Solana ETFs recorded seven consecutive sessions of net outflows through October 13.
  • Broader risk-off pressure may add to the decline: Nasdaq futures were lower, while overnight Asian markets sold off sharply.