Wall Street Eyes Solana: Futures ETFs Go Live Amid Price Slump – What’s Next for SOL?

Solana launches its first US-based futures ETFs, signaling possible institutional interest. Despite the dip to $127, analysts see a potential path to spot ETFs and long-term price recovery.

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

Solana (SOL) may have dropped 3% in the last 24 hours to $127, but there’s a new spark of optimism surrounding the altcoin as the first Solana-based futures exchange-traded funds (ETFs) officially launched in the United States. Despite short-term price turbulence and a wider crypto market correction (-4% today), this milestone could be a game-changer for Solana’s long-term trajectory—particularly if futures pave the way for spot ETF approvals down the line.

At present, SOL has gained 1% over the past week, though it’s still down by 25% in the past month and 32% year-on-year. Compared to its all-time high of $293 on January 19, the coin has lost over half its value. The new futures ETFs, offered by Delaware-based Volatility Shares, come with different expense ratios and one even provides 2x leverage. However, initial trading volume has been tepid, and some analysts point out that these ETFs may attract short sellers rather than new inflows.

Despite this slow start, the presence of futures ETFs can be interpreted as a sign of institutional interest. Historically, Bitcoin also began with futures-based ETFs before eventually getting spot ETF approval—triggering significant price appreciation. Solana supporters hope a similar pattern could play out.

Technically, SOL appears close to forming a bottom. Its 30-day moving average is now well below the 200-day, and the Relative Strength Index (RSI) sits in a range that often precedes upward momentum. If support holds and sentiment stabilizes, analysts believe Solana could aim for $350 by year’s end—especially if spot ETF approvals begin to roll in by October.

Solaxy (SOLX): A Layer-Two Expansion for Solana’s Ecosystem

While SOL consolidates, some investors are exploring emerging projects like Solaxy (SOLX)—a new layer-two network built on Solana that promises cheaper fees, faster transactions, and seamless bridging. Solaxy is already the biggest presale of 2025, with over $27.3 million raised. Its roadmap includes multi-chain compatibility, potentially widening its utility across DeFi, NFTs, and dApps.

If Solaxy delivers on its promises, it could be a strong complementary asset within the Solana ecosystem, especially for those seeking early exposure to high-upside layer-two projects.

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