- SOL Futures’ debut at CME has increased the odds of SOL ETF acceptance to 87%.
- Analysts predicted the SOL price would be in range bound for weeks or months.
CME debuted its much-anticipated new platform, Chicago Mercantile Exchange on March 17th. Solana [SOL] Futures Trading is a positive move that analysts believe will increase the chances of ETF approval.
Exchange offers two SOL Futures products: a standard futures contract representing 500 SOL and a ‘micro’ alternative with 25 SOL for every contract.
Solana ETF odds
According to Mathew Sigel, head of digital assets research at VanEck, it was a ‘step closer’ for the likely U.S. spot ETF greenlight. He stated,
“One sizable step closer to a SOL ETF.”
Sigel, on the other hand, pointed out quickly that, while CME Futures is not necessary to approve ETFs, its approval would be improved by using it.
“There is no need for CME futures to exist to list an ETF; that was a Gensler psyop. But it still helps.”
The prediction website Polymarket is a great place to start. odds After the launch, 88% of SOL ETFs approved in 2025 increased from 81%.
The debut of SOL on CME Futures makes it the third crypto to be traded after Bitcoin [BTC] The following are some examples of how to get started: Ethereum [ETH]. Giovanni Vicioso said that he was the head of CME Group’s cryptocurrency products.
“As Solana continues to evolve into the platform of choice for developers and investors, these new futures contracts will provide a capital-efficient tool to support their investment and hedging strategies.”
SOL likely to be priced in the following range
SOL could be stuck at a certain price in the short term despite the recent bullish news. Crypto trader says that the price of SOL could remain stuck in a range for a while. Cryp Nuevo, SOL could fluctuate between $120 — $175 if BTC holds above $77K.
“We’ll probably spend some weeks or even a couple months ranging here between $120-$175 if BTC keeps holding the 1W50EMA $77k.”
Source: X
Nuevo warned that the downside risks could not be ignored, particularly a drop below $100, if Bitcoin dominance rose to 63% or above.
The market is fragile. If BTC.D rises to 63-64 percent while BTC returns to $77k at the same moment, SOL would easily be able to take that low out and show.
Santiment
Weighted sentiments, which have been negative since Q1 of 2025, also show the bearish hold on SOL markets.
As traders began to open short positions around $130, there was considerable liquidity. In the event of a short-term liquidity pump, this could lead to price movement.
Coinglass
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Source: ambcrypto.com
