SOLT is trading at $52.88, down 5.54%, as Solana weakness may weigh on the leveraged fund. - Solana faced broader risk-off pressure and spot ETF outflows on October 29. - A report cited $5.7 million in spot Solana ETF outflows on October 28, adding evidence of softer institutional demand. Nasdaq futures were also lower alongside declines in Bitcoin and Ethereum, reinforcing a cautious risk backdrop.