SOLT is trading 5.08% down at $53.73 as weakness in Solana weighs on the fund, which seeks twice Solana’s daily performance.
- Solana briefly fell below $100 on October 26.
- Bloomberg reported that broader risk-off sentiment and AI-trade concerns weighed on cryptocurrencies, with Solana among the declining tokens.
- Major U.S. indices were higher, pointing away from a broad equity-market selloff.