The institutional profession of Solana has risen, with data that demonstrates significant growth of both the deploying exchange fund (ETF) and Solana CME Futures markets.
The impressive performance translated into an increase of 5% in the value of Sol in the last 24 hours to $ 155 from the moment of the press, according to CryptoSlate’s facts.
The Rex-Esprey Solana strike ETF, known as SSK, achieved an impressive debut on 2 June, with $ 12 million in inflow and generated $ 33 million in trade volume.
Solana ETF
Bloomberg’s ETF analyst Eric Balchunas emphasized that SSK’s first daily performance is arranged in the top 1% for new ETF launches.
Balchunas noted That the trade volume of the SSK on the opening day of $ 33 million was exceptional, which means that the Solana and XRP -Futures ETFs exceed a lot. Although the volume was much lower than Bitcoin and Ether ETFs, the result still indicates a robust investor interest in Solana.
The analyst speculated that if the fund maintains its strong momentum, it can achieve $ 10 million in assets today due to the end of the game.
As the first place Solana ETF and the first inserting ETF in the US, SSK offers a unique opportunity for investors to get exposure to Solana, while benefiting from drawing up yields. The fund wants to use at least half of its assets to offer consistent revenues to investors.
SSK, however, differs from the Bitcoin ETFs managed by BlackRock and others. SSK uses an Investment Company Act of 1940 structure, which keeps more than 40 % of the assets in foreign solutions to meet the diversification rules. That makes it somewhat different from the 33-act Spot Bitcoin/Ethereum ETFs, but the economic exposure is similar.
Vaneck, 21Shares and others are still waiting for sec-approval for ‘True’ Spot Solana ETFs, with analysts who give ~ 95 % opportunities that they will free up at the end of the year.
Solana Cme Futures
In the meantime, the demand for exposure to Solana is also clear in the performance of Solana Cme -Futures.
According to Coinglass data, the open interest in these futures rose by 13%, with a record high of $ 167 million. This means a significant increase in institutional interest, because Solana Futures was mentioned on the CME platform for the first time in March.
The CME offers two types of Solana Future contracts, including the standard contracts (representing 500 SOL) and retail -friendly “micro” contracts (which represent 25 SOL).
These contracts are regulated in cash instead of physical Solana and offer institutions a regulated method for obtaining exposure to Solana.
The peak in open interest illustrates the rising institutional appetite for Solana-related financial products. However, this increased liquidity also offers the potential for greater volatility, because lifting tree positions can lead to competitive price movements.
The combination of a successful ETF launch and strong futures market activity is a clear signal from the growing institutional traction of Solana.
