Solana Futures ETFs Launch Amidst Optimism for Spot ETF Approval and Solaxy's $27M Presale

Volatility Shares launched the first Solana Futures ETFs, SOLZ and SOLT, sparking optimism for a potential spot ETF approval by the SEC as early as 2025, with Bloomberg analysts estimating a 75% approval chance. The launch coincides with significant investor interest in Solaxy ($SOLX), a Layer-2 solution for Solana, which has raised over $27 million in its presale. Solaxy aims to address Solana's scalability issues, potentially boosting its position for commercial blockchain applications. These developments could propel Solana past the $300 mark after its price drop from $293 to nearly $100.