The TradFi gates are opening wide,” said crypto analyst Kolin in a March 19 post on X.“Futures are just the start - spot ETF inevitable.$SOL's just warming up and the Solana ecosystem’s about to get flooded with institutional liquidity.”“This is wild,” asserted Bloomberg Senior ETF analyst Eric Balchunas in response to the developments, adding that it is probably a good sign as Solana futures “arguably bode well for spot ETF odds.”Short liquidations push SOL price higherSolana’s price rise on March 20 is accompanied by significant liquidations in the derivatives market, according to data from CoinGlass. The crypto futures market witnessed the liquidation of over $359 million worth of leverage positions in the last 24 hours, with $258.7 million being short liquidations.Over $18.64 million short SOL positions have been liquidated against $3 million long liquidations over the same period.
Volatility Shares is debuting two ETFs:• SOLZ: Tracks Solana futures• SOLT: Offers 2x leveraged exposure pic.twitter.com/Wt2gt6oBPc— Cointelegraph (@Cointelegraph) March 19, 2025Key takeaways:Volatility Shares, a US-based investment firm, is set to launch the first-ever Solana futures ETFs on Thursday, March 20. A filing with the Securities and Exchange Commission (SEC) reveals that two Solana-based ETFs issued by Volatility Shares ETFs will begin trading on Thursday, March 20.
Launch of Solana futures ETF boosts SOL priceToday’s debut of Solana futures exchange-traded fund (ETF) by Volatility Shares has injected fresh enthusiasm into SOL investors. 🚨 BREAKING: The first-ever Solana futures ETFs are launching tomorrow.
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Author / Journalist: Cointelegraph by Nancy Lubale
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