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Cryptocurrency News Articles
Solana's Pre-ETF Momentum Ignites Market Excitement
Mar 21, 2025 at 01:05 am
In the ever-evolving narrative of cryptocurrency markets, Solana has emerged as a beacon of bullish momentum, surging ahead of market giants Bitcoin and Ethereum
Solana (CRYPTO: SOL) price surged 7% on Wednesday, outperforming the gains in Bitcoin and Ethereum. The "triple-digit" move in the crypto space comes ahead of the launch of the first-ever Solana futures exchange-traded fund (ETF) products.
What Happened: Solana's price rose by about $44 to $670.29, marking its largest triple-digit price gain this year. The world's 12th largest cryptocurrency is now up about 87% year-to-date.
The new "+2X" and "+3X" daily futures ETFs from Florida-based Volatility Shares LLC, which is making its foray into the ETF market, will be tracking the price movements of Solana futures. The two ETFs - the Volatility Shares Solana ETF (NYSE: SOLZ) and the Volatility Shares 2X Solana ETF (NYSE: SOLT) - are set to launch on Thursday, according to a recent SEC filing.
The registration statement for the ETFs mentions that the funds will typically enter into cash-settled Solana Futures Contracts to obtain exposure to the cryptocurrency. Shares of the ETFs will be listed on the Nasdaq Stock Exchange.
Related Link: Institutional Solana (CRYPTO: SOL) Products Set to Launch As Volatility Shares Files For 2 ETFs
Why It's Important: The launch of the Solana futures ETFs is a significant development for the cryptocurrency market. It will allow institutional and retail investors to gain exposure to Solana in a familiar and regulated investment product.
The introduction of these ETFs comes at a time when there is increasing demand for alternative investments, as investors seek to diversify their portfolios beyond traditional asset classes.
Solana, known for its high transaction throughput and low fees, has become a popular choice among cryptocurrency investors, especially those interested in the "altcoin" space. The cryptocurrency has seen a significant surge in trading volume, with over $3.65 billion traded on Wednesday alone.
Now Read: Is It Still Too Late To Buy Bitcoin, Ethereum, Solana, Shib Or ApeCoin In July?
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- ARK Invest has added exposure to staked Solana (SOL) to the portfolios of two of its exchange-traded funds (ETFs)
- Apr 22, 2025 at 10:20 am
- As of April 21, the two ARK funds — ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF) — now hold shares of 3iQ’s Solana Staking ETF (SOLQ), a Canadian ETF holding staked SOL, ARK said.
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- Apr 22, 2025 at 10:15 am
- Although Macro-Guru Lyn Alden expects Bitcoin to end the year 2025 higher than the current rate of $85,000, she would, according to her, be a lot further without Trump's trade war.
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