The market is positioning itself for the impending launch of the Solana ETF. Futures activity at CME is the busiest of all time and is ready for mainstream trading.
Despite recent slides in Sol prices, the mainstream market shows signs of preparation for the Solana ETF’s imminent launch. After the latest round of Update S-1 FormSolana futures volume It was spiked on CME and reached its highest level since its release in March. Analysts too Proposed A higher amount could indicate that the ETF is ready for approval in the coming months.
A total of seven ETFs may be approved soon, one of which includes Sol Staking for innovative products that combine mainstream investments with encryption and native revenue.
CME futures show a mix of small traders and institutional involvement. Over the past few days, CME has increased its share of transactions, and 10% The block traded in May.
Since its release, 106K contracts have been traded, with the expected amount being $300 million. The CME market remains small compared to overall SOL activities, but the product shows awareness and mainstream interest. The exchange also posted daily open profits as of July 17th, maintaining the growth trends of activity.
The SOL market shows signs of increased ETF probability
During the ETF preview period, SOL showed weakness in price after soaking under $130. Sol is also under pressure primarily by futures market speculation, seeking to settle longer positions. However, mainstream investors position themselves as being ready for ETF trading.
One recent indication that you’re ready was Vaneck’s list of VSOL tickers at Dository Trust & Clearing Corporation (DTCC). The list doesn’t mean that the launch of a deal is imminent, but in the past it took six weeks for its release after Vaneck’s Ethereum ETF received the ticker.
CME futures data matches Bloomberg’s recent charts ETF probabilityPlace Solana as the most likely ETF to start next. In June, the polymer prediction pair also increased the odds of Solana ETFs. 91%there will be a 50% chance of launch by the end of July.
search Sol Etf The Solana ETF was also featured in June, and mainstream interest has been growing.
The launch of the bigger, more well-known Solana ETF could raise interest in the assets. For now, existing GSOL ETP by Grayscale has traded on par with the crypto market and has risen to higher baseline activity. GSOL It trades at $10.80 at SOL 0.07 per share, equivalent to about $138 per SOL.
ETF approvals can result in up to 50% re-rick
Sol shows that it could potentially return to the $180-$200 range. Now, influencers and traders from crypto are placing themselves in “Solana Summer” with on-chain activity, token firing, and two successful fee generations.
ETF approvals could reexamine the demand and vibrancy of SOL and lead to another re-re-kong. In the short term, Sol could approach the $140 range and re-ricked to a higher level.
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