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SOLT ETF drops 7.2% on surge in trading volume amid dividend hike.
The 2x Solana ETF (SOLT) fell 7.2% on Wednesday, closing at $2.32 amid a 70% spike in trading volume to 26.6 million shares.
The fund, managed by Volatility Shares, aims to deliver twice Solana’s daily price movement and recently raised its monthly dividend to $0.0082 per share, yielding 4.2% annually.
Its 50-day and 200-day moving averages were $6.43 and $14.79, respectively.
A separate Solana ETF, SOLZ, declined 3.5% to $8.11 with increased volume and raised its dividend to $0.0296 per share, yielding 4.4%.
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SOLT ETF cae un 7,2% por el aumento en el volumen de operaciones en medio de un aumento de dividendos.