- The very first SOL ETF-trackingfutures debut on March 20.
- Bloomberg’s analyst Eric Balchunas warned that the approval of the spot ETF could influence the futures ETFs.
The very first American Solana [SOL] ETF (Exchange-Trade Funds) will be launched on March 20 on March 20 via the Nasdaq grant, which further strengthens the chance of approval of Spot ETF.
According to a Bloomberg reportVolatility Shares LLC is planning to launch two fund markets for following Sol Futures.
The first fund, Volatility shares Solana ETF (SOLZ), will follow SOL-Futures, while Volatility shares 2x Solana ETF (SOLT) an exposure to two riding taxes to the crypto-active.
With Futures markets, participants can speculate about the future price of SOL without having the physical SOL inactive.
Is Spot Solana ETF next?
Here it is worth mentioning [BTC] and Ethereum [ETH] followed the Futures Market Pathway before he was approved for spot ETF. Bloomberg senior analyst Eric Balchunas, however, warned that the products could be ‘experienced some problems’ if spot ETFs are approved.
“It is the first altcoin after the approved ether. But history has shown that ETF investors crave the physical possession as much as possible … It can have some problems if the place is approved.”
For his part, Nate Geraci noted That place Sol ETF could soon launch and draw a comparison with the ETH ETF route.
“Less than a year ago, almost * everyone * thought that spot ETFs were a pipe dream. Now we have sol futures ETFs. Spot Sol ETFs will not be far behind IMO.”
According to the forecast site Polymarket, the market priced in an 88% chance of approval from Spot Sol ETF in 2025. Simply put, the market was very positive this year about the outcome.
That said, Sol was not the only altcoin ETF with high market speculation. Potential issues have applied for different ETFs, including Cardano, Hbar, Polkadot, Aptos and Sui.
In fact, Canary Capital submitted a registration on 17 March rack With the sec for a sui etf. In other words, the Altcoin ETF race is heated under the SEC from the Trump era.
That said, SOL rose by 10% in the last 24 hours, but consolidated on the 100-exponential advancing average (EMA) of the 4-hour card in Geel, at the time of writing.
Only a firm reclaiming above the advancing average could strengthen the lead for the extended recovery of SOL.
Source: SOL/USDT, TradingView