BREAKING: Solana’s 1st Futures ETF Drops – Is a Spot ETF Coming in 2024?

Yo, Solana just hit a new level—futures ETFs are officially launching on March 20! Volatility Shares is dropping two of ‘em: SOLZ and SOLT. This could be the moment it levels up against Ethereum in the big leagues.

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Industry pros say this move will pump up SOL’s demand and liquidity, making it a solid competitor to ETH. But there’s some doubt too—remember how spot Ether ETFs kinda flopped compared to Bitcoin ETFs? Some analysts think it futures ETF might not bring in crazy inflows, but the hype could set the stage for a spot Solana ETF, which is where the real action happens.

Big names like JPMorgan predict a spot the token’s ETF could attract $3B-$6B in just six months—that’s major. Even Trump’s digital assets team is backing it, throwing it into the US crypto reserve alongside XRP and ADA.

The Future of Solana: Spot ETF on the Horizon?

So, what’s next? If the SEC gives the green light, we might see the first-ever spot Solana ETF in the next couple of years. For now, this futures ETF is a power move for SOL’s street cred. Keep your eyes peeled!

Also Read: 3 Memecoin Fails You Should Avoid – Experts Warn!

Anmol Khatiwada

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