A breakthrough in the United States legislation for crypto-inclusive exchange-traded funds (ETFs) could speed up the way for the inaugural Solana (SOL) Spot ETF. This Thursday, the American NASDAQ stock exchange is listing Volatility Shares Solana ETF (SOLZ), a bi-folded Solana Futures exchange-traded product (ETF).
Market Fears Didnโt Stop Solana ETF From Going Live
The first-of-its-kind Solana (SOL) futures ETF offers twice-leveraged positions via the Volatility Shares 2X Solana ETF (SOLT), which is accompanied by the Volatility Shares Solana ETF (SOLZ), exposed to the double-leveraged smart contract on crypto derivatives markets.
As this product goes live on March 20, 2025, traditional finance investors got the chance to potentially capitalize on Solanaโs (SOL) future price without actually owning any digital assets. Initially landing on the US Securities and Exchange Commissionโs (SEC) table in December, 2024, now this Solana ETF debut comes right after weeks of consecutive asset bleeding for crypto ETFs, sending the Crypto Fear & Greed Index to highest fear in 5 months.
Sponsored
Nevertheless, Volatility Shares CEO Justin Young highlighted the positive changes in the political landscape after Gary Gensler left the office. โOur launch comes at a time of renewed optimism for cryptocurrency innovation in the USโ, – Mr. Young stated, appreciating cryptoโs recognition in the United States as a disruptive technology.
Can Solana ETF Boost Solana Price Back Above $200?
The mild 6% gains on Thursday afternoon got crypto connoisseurs questioning is that it. Putting aside the social market sentiment, technical Solana (SOL) price analysis provides a different perspective, leaving less space for Fear Of Missing Out (FOMO). Upon the news of a Solana ETF Futures launch, the heavyweight $69 billion-worth Solana (SOL) broke through $130, a critical resistance line and a must-claim before a fair chance at recovering $200.
On the bright side, Solanaโs (SOL) price jumped by 6% to $130 over the past 24 hours after maintaining the key support area of $121 twice in 7 days, showing strength when consolidation kicked in. However, Valentineโs Day was the last time Solana (SOL) touched the $200 price goal, despite being above this price range for the most part of January, 2025.
As the Bollinger Bands (BOLL) suggest, Solanaโs (SOL) price is ought to break above $136, a key resistance level depicted in red colour. The highest-tier Bolinger Band was tested twice this week, but with no success. This time, a high trading volume of nearly $5 billion per day on Spot could assist in Solanaโs (SOL) latest attempt to break this confluent resistance barrier.
On The Flipside
- Thursdayโs upswing for Solana hasnโt produced a new weekly top, because seller strength is still marginally higher, according to the real-time meter of Balance Of Power (BOP) pictured above.
Why This Matters
Similarly to Bitcoin and Ethereum, Solana is making steps in the pathway towards recognition in traditional stock markets with approvals on Futures markets before landing a regular Spot ETF.
Read DailyCoinโs trending crypto news:
Hedera (HBAR) $0.55 Goal On Hold: Did HBAR Price Bottom Out?
Trumpโs Binance Deal Sparks Accusations of Political Kleptocracy
