U.S. Solana exchange-traded funds logged their first net outflows in four weeks as SOL’s price slipped toward the $130 area. The shift reflected withdrawals from leveraged products even while spot Solana ETFs continued to attract significant capital.
Leveraged Solana products saw notable outflows in mid-January 2026. The 2x Solana ETF (SOLT) recorded seven-figure redemptions—about $1.36 million on Jan. 14 and roughly $1.96 million on Jan. 15—interpreted as short-term traders trimming risk after volatility.
At the same time, U.S. spot Solana ETFs registered their largest weekly demand in four weeks, driven by several multi-million-dollar allocations.
“These outflows from leveraged products are widely interpreted by market analysts as short-term traders trimming their risk exposure or securing profits,” market observers noted.
Price action and technical thresholds
Price movement did not map cleanly to fund flows. During the mid-January outflows SOL traded above the headline $130 level—around $143–$145 on Jan. 14–15—but by Jan. 19, 2026 the token had corrected to roughly $133.69 and was testing the $130–$133 band.
The report also noted prior episodes: in December 2025 SOL remained below $130 even as ETFs posted about $69 million of inflows that week.
Analysts featured in the data framed the technical picture as conditional: a decisive move above $150 would help check selling pressure, while failure to regain that zone could leave SOL prone to a retreat toward $140. Sellers were observed defending the $127 area during the recent correction.
Investors and traders will now watch whether sustained spot ETF inflows can provide a durable demand floor and drive SOL back above the $150 threshold; absent that follow-through, the price is at risk of further retracement toward the low-$140s.
Data suggests the market is still balancing long-term institutional accumulation against short-term speculative exits—an interplay that will determine SOL’s path in the coming sessions.
