This surge attracted significant attention in the futures market, with open interest in SOL futures contracts totaling $3.42 billion. Perpetual contracts alone accounted for a substantial $3.4 billion share.
Traders are optimistic about the future, as prediction markets indicate a 76% probability of SOL ETF approval by 2025, given potential new leadership at the SEC.
Nate Geraci, President of ETF Store, envisions a promising future for Spot Solana ETFs, indicating strong growth potential in Solana-related investment products.
