The hype around a Solana (SOL) spot ETF is picking up fast. While crypto fans wait for official approval, activity behind the scenes is hinting that something big could be on the way.
The hype around a Solana (SOL) spot ETF is picking up fast. While crypto fans wait for official approval, activity behind the scenes is hinting that something big could be on the way.
According to Bloomberg’s ETF tracker, there’s now a 95% chance that a Solana ETF gets approved soon. At the same time, futures trading on the Chicago Mercantile Exchange (CME) has exploded. Since launching in March, Solana futures volumes have steadily climbed, and this month, open interest hit a record 2,849 contracts, worth around $146 million. In total, over $3 billion worth of contracts have been traded so far.
Last year, Ethereum ETFs arrived with a lot of hype but failed to attract the kind of investor inflows many expected. Experts pointed to one key limitation: staking rewards were excluded from those ETFs, meaning holders missed out on an extra 2-3% yield.
That issue may prove to be a major advantage for Solana. that Solana offers not just higher staking yields but also growing real-world usage. “The demand for a Solana ETF could be stronger than Ethereum’s was,” he said, explaining that the Solana network has built a reputation for fast, affordable transactions and a vibrant DeFi and NFT ecosystem.
With Solana’s higher staking yields, proven network utility, and surging institutional interest, many believe a SOL ETF could bring in larger inflows right from the start. As Stern put it, “The story around Solana is much stronger right now and investors are paying attention.”
Even with all this ETF excitement, Solana’s price is still struggling a bit. Right now, it’s trading around $145, trying to break past a key resistance zone. Experts think the market might see one last dip toward $121–$122 before a proper breakout happens.
For now, Solana would need to climb back above $148, to show real strength. Until then, it’s a waiting game.
