• Solana surged 12% after news of upcoming futures ETFs and dovish Fed comments, pushing its price above $135 for the first time in ten days.
• Solana’s trading volume spiked 73% to $3.61 billion, while derivatives activity soared 56%, signaling strong investor confidence and market momentum.

Solana (SOL) surged 12% in the last 24 hours, reclaiming the $135 mark for the first time in ten days. The bullish momentum was fueled by two major catalysts: the upcoming launch of Solana futures ETFs and reassuring comments from Federal Reserve Chair Jerome Powell.

Solana Futures ETFs Ignite Market Excitement

Investor optimism soared after Volatility Shares LLC, a U.S.-based investment firm, announced the launch of two Solana futures ETFs: the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT). SOLZ tracks Solana futures, while SOLT offers leveraged exposure, with respective expense ratios of 0.95% and 1.85%.

Historically, the approval of futures-based ETFs has often preceded the approval of spot ETFs, as seen with Bitcoin and Ethereum. This precedent has fueled speculation that a Solana spot ETF could be on the horizon, with predictions on Polymarkets now placing the odds of approval at 88%.

Solana’s Market Performance Surges

Alongside the price rally, Solana’s trading volumes have skyrocketed. Daily trading volume surged 73% to $3.61 billion, while derivatives market activity jumped 56%, reaching $8.29 billion. The increased market participation signals strong investor confidence and growing institutional interest.

Fed’s Dovish Comments Add Fuel to the Fire

In addition to ETF-related optimism, Solana benefited from broader market bullishness following dovish remarks from Federal Reserve Chair Jerome Powell. Powell announced that the Fed would keep benchmark interest rates unchanged and reaffirmed expectations of two rate cuts in 2025. Lower interest rates typically make traditional savings less attractive, prompting investors to seek higher returns in riskier assets like cryptocurrencies.

Following Powell’s comments, the overall crypto market rallied by 4%, with Bitcoin reaching $87,000. This broader market optimism has further bolstered Solana’s upward trajectory.

What’s Next for Solana?

With the futures ETFs set to launch and market sentiment turning increasingly bullish, SOL could continue its upward momentum. If a spot ETF approval follows, Solana could see even greater institutional adoption and a potential breakout to new highs.

For now, all eyes are on SOL’s ability to sustain its gains. Will this rally pave the way for an even bigger breakout? Time will tell, but one thing is certain—Solana is back in the spotlight.