Solana Futures ETFs Launch Amid Short-Term Price Dip, Sparking SOL and SOLX Prospects

Solana (SOL) has experienced a recent 3% decline over the past 24 hours amid a broader market downturn, falling to $127. Despite this short-term dip, the debut of its futures ETFs in the US – managed by Volatility Shares – marks a significant milestone that could pave the way for eventual spot-based ETF approvals later in the year. Historical trends with similar products, like BTC futures ETFs, suggest that initial volatility may give way to recovery driven by institutional interest. Additionally, a newer layer-two project, SOLX, is gaining traction with a robust presale that has raised over $27.3 million. SOLX aims to reduce transaction fees and increase speed by bridging with Solana while expanding its reach with cross-chain compatibility. While SOL could see further short-term pressures from ETF illiquidity and shorting practices, its long-term outlook appears optimistic if institutional interest increases. SOLX, on the other hand, may experience significant gains post-listing, though its early phase is expected to display inherent volatility.