Will there be a forthcoming increase in Solana’s price? The likelihood of SEC approving ETFs has climbed to 88%.

There has been a rise in institutional interest, with forecasts indicating a 210.97% likelihood of spot Solana ETF approval, suggesting growing market engagement. Meanwhile, the Solana derivatives market showed substantial activity, with futures trading volume increasing by 28.98% to reach $21.943 billion and open interest climbing to $221.94 billion. Additionally, Solana’s (SOL) price surged over 224% on Thursday, hitting a peak of $290 as investors reacted to the upcoming launch of SOL futures exchange-traded funds (ETFs). This move comes amid a surge in institutional investments and growing optimism regarding a potential approval of a spot Solana ETF by the U.S. Securities and Exchange Commission (SEC), as mentioned in our earlier report. Volatility Shares has introduced Solana Futures ETFs. Volatility Shares, a U.S. investment firm specializing in leveraged ETFs, is set to debut the first Solana futures ETFs on Thursday. There will be two products offered: the Volatility Shares Solana ETF (SOLZ), designed to track Solana futures, and the Volatility Shares 2X Solana ETF (SOLT), which provides leveraged exposure. According to the documents submitted, the expense ratios for the funds will be 0.95% and 1.85%, respectively. Following the announcement, Solana’s price reached a 10-day peak, recovering from its recent low of $121. The strong response from the market suggests increased investor confidence about the potential future of the asset. The introduction of Solana futures ETFs follows a regulatory pattern observed with Bitcoin and Ethereum, where futures-based ETFs received approval before spot ETFs. This has prompted traders to raise their expectations for the approval of a spot Solana ETF, with the crypto prediction platform Polymarket currently estimating an 88% likelihood of approval. Recently, Donald Trump, the former U.S. President, contributed to this trend by including Solana in a proposed crypto strategic reserve, which has further heightened institutional interest.