Ethereum Walked So Solana Could Run: ETF Edition
- Solana ETF approval odds hit 95%, says Bloomberg ETF tracker.
- CME Solana futures open interest hits record $146 million level.
- Higher staking yields may give SOL ETF edge over Ethereum’s.
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.
Ethereum ETFs vs Solana ETFs
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. Hadley Stern from Marinade Fin…
The post Ethereum Walked So Solana Could Run: ETF Edition appeared first on Coin Edition.
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Ethereum Walked So Solana Could Run: ETF Edition
- Solana ETF approval odds hit 95%, says Bloomberg ETF tracker.
- CME Solana futures open interest hits record $146 million level.
- Higher staking yields may give SOL ETF edge over Ethereum’s.
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.
Ethereum ETFs vs Solana ETFs
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. Hadley Stern from Marinade Fin…
The post Ethereum Walked So Solana Could Run: ETF Edition appeared first on Coin Edition.
Читать больше