Speculation is intensifying as to the digital assets which could be the next to benefit from an ETP in cash, and Solana (soil) occupies the front of the scene. Despite recent low price, interest continues to grow regularly. Activity on the Mercantile Chicago Exchange (CME) reinforces the conviction that an approval for an ETF Solana could soon take place, while institutional commitment continues to develop.
In short
- Solana's term contracts on the CME have reached historical heights, signaling a strong institutional position.
- Polymarket traders see a probability of 91% approval from ETF Solana, with 50% chance by the end of July.
- Google research for “Solana ETF” exploded in June, showing growing public interest.
- Analysts predict that Solana could jum from 40 to 50 % in a monthly candle, a price readjustment being anticipated.
The CME activity reflects the position of institutions
Trading data from Mercantile Chicago Exchange (CME) revealed a marked increase in the activity of Solana's term contracts. Since their launch in March, exchanges have regularly increased, reaching record levels in June.
Open interest culminated at 2,849 contracts on June 17representing a notional value of $ 146 million. More than 106,000 contracts have been negotiated since the launch, with a total notional volume exceeding $ 3 billion.
The month of May also saw around 10% of the volume of exchanges executed via large block transactions, the average size of transactions being around 5 million dollars. These figures reflect an increasing participation of institutions anticipating a future price movement.
This increase in the activity of term contracts is largely perceived as a sign that traders are positioned for major announcements, in particular the potential approval of an ETF Solana.
Bloomberg's probability of approval graphic attributes a 95 %chance to Solana, which indicates a strong expectation of a potential green light. CME data confirm this forecast, strengthening the feeling that an important development is imminent.
Public regulatory and dynamic stages
The craze rises around the possibility of an ETF Solana. Between the regulatory stages and the increase in public buzz, all signs converge in the same direction. Here is why this moment could be a turning point and why investors observe carefully.
Key points not to be missed:
- VSOL's “VSOL” Ticker ETF Solana was listed with the DTCC, a major transaction settlement platform in the United States.
- Polymarket gives a 91% chance for approval of the ETF Solana, with a probability of 50% before the end of July.
- Google research for “Solana ETF” climbed in June, showing public conscience and growing interest.
- A green light from the dry could attract significant investment flows, recalling the dynamics fueled by ETF Bitcoin.
The main players deposit their Solana ETF while the examination of the SEC continues
Several asset management companies have already undertaken to obtain regulatory authorization for ETF Solana in cash. Among these candidates are Vaneck, 21Shares, Bitwise, Franklin Templeton, Fidelity and Coinshares.
These deposits, subject to the Securities and Exchange Commission of the United States (SEC), include provisions for Staking, a functionality that can seduce investors seeking performance opportunities in traditional market structures.
Franklin Templeton's request is currently being examined by the dry. The Commission opened a period of public comments, allowing the public to submit observations within the framework of the examination process.
In addition, the deadline for a decision on this request was extended until the end of July 2025, which indicates that the SEC actively examines the proposal, although the final approval is still pending.
Analysts become optimistic on Solana while the action of the prices reflects the hope linked to the ETF
Market analysts continue to carefully monitor Solana price levels, with growing optimism that possible ETF approval could induce significant price gains.
The pseudonym trader Cipher X, active on the social platform X, identified the range $ 138– $ 140 as a critical support area. If this level holds, it anticipates a potential price movement towards the range $ 190– $ 200 by July.
The analyst estimates 80 % the chances of approval of the ETF for Solana by July and expects a price readjustment thereafter. It also provides that the token could record a monthly movement from 40 % to 50 % once the ETF catalyst in play.
Likewise, the abbe case market analyst noted that Solana has Rebounded strongly from a key support levelwhat he considers a positive sign. He thinks that the growing interest of buyers reflects renewed confidence, largely motivated by expectations of approval of the ETF.
Abbe remains focused on this result, suggesting that the current price does not yet reflect the potential impact. It provides for a bullish movement in the coming month as the market begins to adjust.
Solana has climbed more than 7 % in the last 24 hours, supported by a calm of global tensions. Anthony Scaramucci, founder of Skybridge Capital, expressed his confidence in Solana's future, suggesting that he has the potential to overcome Ethereum. Although it has not directly linked this to the developments linked to the ETF, its remarks reflect the growing feeling surrounding the long -term solidity of Solana in the universe of digital assets.
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