Solana ETF is trading 10.3% down today as the broader crypto complex extends a multi-day decline driven by forced liquidations and heavy ETF outflows.
- The fund is under additional pressure from a stronger-than-expected U.S. jobs report, which has pushed interest-rate expectations higher and triggered risk-off selling across speculative assets.
- Major digital assets including Bitcoin, Ethereum, and Solana are all down significantly, dragging the fund lower as the market reacts to the higher-for-longer interest rate outlook.