Solana Futures ETFs Are Live – Will Wall Street Start Buying SOL?

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Simon Chandler

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Simon Chandler

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Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

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Last updated: 

March 20, 2025

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Solana has fallen by 3% in the past 24 hours, dropping to $127 as the wider crypto market loses 4% today.

While SOL has actually risen by 1% in a week, it’s now down by 25% in a month and by 32% in a year, with the alt also having lost more than half of its value since reaching an ATH of $293 on January 19.

Yet today’s moves come at a promising time for Solana, which yesterday saw its first futures ETFs going live in the US.

And with futures-based ETFs often being a precursor to spot-based ETFs, the rest of the year could be a very positive period for Solana and its price.

Solana Futures ETFs Are Live – Will Wall Street Start Buying SOL?

Operated by Delaware-based investment manager Volatility Shares, the two new futures ETFs differ in their expense ratios (i.e. their fees) and use of leverage (one offers 2x leverage).

So far, they haven’t had much of a positive impact on Solana’s price, with some analysts warning that the ETFs are currently illiquid and also may experience shorting, as we saw with futures-based BTC ETFs.

This perhaps helps to account for why Solana is down today, with its chart revealing a distinct lack of momentum, although this is in line with the rest of the market.

One argument is that Solana is close to a bottom, with its 30-day average (orange) falling significantly below the 200-day (blue).

Once it flattens out, we may see the coin mount a recovery, with its RSI (purple) also in a position that’s consistent with a return to consistent growth.

And while the launch of the aforementioned futures ETFs is not especially impactful in itself, it nonetheless signals that Solana is on a road that could eventually lead to the approval of spot-based ETFs.

The past few months have seen several filings for spot ETFs, although decisions on those filed so far aren’t due until October.

Assuming that we do see approvals, the price of Solana could hit $350 again by the end of the year.

A Layer-Two Network for Solana – Time to Buy?

While investors are waiting for SOL to pick up, they may want to consider diversifying into newer alts, which may show more potential in the near term.

This includes certain presale coins, with the biggest such coins occasionally experiencing surges once they list for the first time.

One example with a good chance of doing this is Solaxy (SOLX), a new layer-two for Solana that has now raised more than $27.3 million in its ongoing presale.

This makes Solaxy’s the biggest presale so far of 2025, with its momentum potentially translating into some significant gains.

The reason why investors are jumping on Solaxy is that it’s aiming to make using Solana cheaper and faster.

It will provide lower fees and faster transactions, as well as instant bridging between itself and Solana.

What’s also exciting is that it plans to add compatibility with other chains over time, widening its reach within the ecosystem.

And by extension, this should widen demand for SOLX, which will serve as its native token for transaction fees.

Investors can buy SOLX now by going to the Solaxy website, where the coin costs $0.00167.