Solana Futures ETFs Hit Wall Street — Will SOL Soar Or Crash?
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Florida-based Volatility Co., Ltd. will launch exchange-traded traded trade funds (ETFs) related to Solana Futures. The products will begin trading immediately, according to filings with the U.S. Securities and Exchange Commission (SEC), the first time that traditional finance (Tradfi) investors have gained professional ETF access through market capitalization.
CME Group, the world’s largest futures exchange, launched Solana Futures on Monday. On this basis, the volatility-sharing Solana ETF will replicate the performance of these Solana futures starting tomorrow. Meanwhile, the 2x volatility SOLANA ETF (Stock:SOLT) will provide double leverage risk for those who are still looking for amplified returns in the tranquil Solana futures market.
Bloomberg analyst Eric Balchunas commented: “The United States was first introduced from Volshares ever. postal Yesterday on X.
Related Readings
Despite the big fanfare surrounding these new ETFs, the initial enthusiasm for Solana Futures seems relatively modest. Recent data suggest that Solana Futures generates nominal trading volumes of about $12.3 million per day, in stark contrast to the early days of Bitcoin and Ethereum futures, which are higher numbers at their respective launches.
However, research firm K33 noted that the lower nominal volume is consistent with Solana’s market cap, while their debut is consistent with the size of Bitcoin and Ethereum. “Sol Futures were launched on CME yesterday, and SSSSS Sol Futures (Sol Futures) launched yesterday both were much lower than those launched by BTC and ETH. However, if you standardize the volume to the market cap on the launch date, the launch date will be close to both.” postal.
The price of Solana at the key points
Solana is currently trading at $131.6, down more than 50% from its all-time high (ATH) in mid-January. Most of the recession is attributed to Passion for aging– Solana is particularly active and often referred to as the “Ethereum Killer”.
Related Readings
Nevertheless, Solana has grown by more than 6% over the past 24 hours, partly affected by wider The reaction of the crypto market The latest Federal Open Market Committee (FOMC) decision. Although the Fed chose to keep its benchmark interest rate unchanged, the central bank also announced a significant slowdown in its bond runoff program, often referred to as a “quantitative tightening.”
Starting in April, the Fed reduced its monthly runoff from $25 billion to $5 billion, a move that interprets many analysts as bullish on risky assets such as cryptocurrencies.
From a technical point of view, the SOL price is close to the 0.5 Fibonacci backward level at $133, a threshold that closely matches the 100-day exponential moving average (EMA) at $133.65.
These two levels of closure will be taken into account every day Bullishopen the possibility of a retracement towards 0.618 Fibonacci, at $166.7, intersecting with a 50-day EMA. In the long run, traders will see ATH reaching the $296 target in mid-January, although conquering direct resistance levels remain a key obstacle.
Featured images from Shutterstock, charts from TradingView.com
