Solana course analysis: SEC permit is 88% of the odds hit before Sol-ETF Futures
- Polymarket dealers see an 88 percent chance for a Solana-Kassa ETF, which increases the interest of institutional investors.
- The volume of the Sol Futures rose by 38.94 % to $ 8.33 billion, with the ratio between long and short positions with 2.29 in favor of the buyers.
The dealers sent the Solana prices up to 12 %, and they exceeded the $ 135 mark for the first time in ten days when they saw the chances of an ETF approval. Solana Futures ETFs from Volatility Shares will soon come onto the market and increase the enthusiasm of the market by increasing the derivative trade volume. The increase in institutional interest, which manifests itself in the estimates of the polymarket retailers, now shows an 88%chance for the approval of the Solana ETFs at the Kassamarkt. An increasing investment interest and increased speculative trading positions indicate that Solana has potential for cost increases.
Solana futures ETFs provide excitement on the market
An investment company called Volatility Shares based in the USA will put on two ETFs based on Solana futures that will debut on Thursday and drive the cryptocurrency area. The company introduced the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2x Solana ETF (SOT) by submitting to follow Solana futures and offer a lived commitment. The cost quotas for these funds will be 0.95 % or 1.85 %.
The course of Solana rose to a 10-day high of $ 136 and thus by 12 % compared to the low of $ 121 on Tuesday. This corresponds to the historical trend that futures-based ETFs for Bitcoin and Ethereum are preceding the permits of Spot ETFs. Since institutional demand is growing, dealers are increasingly positioning themselves for a possible official approval of a Solana-Kassa ETF later this year.
Increasing SEC registration rates and institutional interest
The introduction of the Futures ETF of Solana takes place at a time when public opinion about the approval of a Solana-Kassa ETF has changed by the Sec. The likelihood that a spot ETF will be approved for polymarket retailers exceeds the forecasts of the analysts by 88 %, since the Bloomberg experts predict an approval rate of 75 % by 2025. The attention of the institutions has increased because Donald Trump, as a former US president, has proposed to add Solana to his proposed strategic cryptocurrency reserve.
Market observers see these developments crucial for the recruitment of company investors. If the approval rates continue to rise, Solana could experience increasing demand, similar to Bitcoin and Ethereum, whose futures ETFs paved the way for spot ETFs.
Derivat data signal potential outbreak
The derivative market of Solana has recorded a considerable increase in the run-up to the introduction of the Futures ETF. According to Coinglass, the SOL FUTURES trading volume has increased by 38.94 % to $ 8.33 billion in the last 24 hours. The open interest also rose by 39 % to $ 8.3 billion, which indicates new long positions. The relationship between long and short positions is still moved on large exchanges such as Binance and OKX in favor of the long positions, with the top dealer positions at Binance have a ratio of 2.29.
This indicates that the dominant market participants rely on further price gains. Short-term market threats arise from liquidations that led to $ 21.8 million within 24 hours and primarily concerned short seller positions. Solana could achieve further resistance levels if the upward moment continues, while a short squeeze may drive the price up. Solana still has a positive course potential, since investors rely on a clear regulation and recent developments on the futures ETF and derivative market.
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