Solana Futures ETFs See Modest Launch on Wall Street
- Solana futures have a daily nominal trading volume of approximately $12.3 million.
- The launch volume is significantly lower than Bitcoin and Ethereum futures at their debuts.
- Solana’s current price is $131.6, down over 50% from its all-time high in mid-January.
- The Federal Reserve has reduced its monthly bond runoff from $25 billion to $5 billion.
- Solana’s price is nearing the 0.5 Fibonacci retracement level at $133.
Despite a modest start with a daily trading volume of about $12.3 million, Solana futures align proportionally with market caps compared to Bitcoin and Ethereum launches. The SOL price nears key technical levels amid broader market movements influenced by Federal Reserve policies.
Source (2.6)https://www.newsbtc.com/news/solana-futures-etfs-hit-wall-street/?rand=52377
