Solana CME futures open interest hits new high of $1.5B after launch of first US Solana staking ETF
Key Takeaways
- Solana CME futures open interest reached a new record of $1.5 billion.
- This surge began after the launch of the first US Solana staking ETF.
Solana CME futures open interest reached a new all-time high of $1.5 billion today, extending record demand that began building after the launch of the first US Solana staking ETF.
The milestone represents continued growth from August, when open interest first crossed the $1.0 billion threshold. The surge in institutional interest follows the introduction of the staking exchange-traded fund, which marked a significant development for Solana-based investment products in the US market.
Open interest measures the total number of outstanding derivative contracts that have not been settled, serving as an indicator of market activity and institutional participation in Solana futures trading.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hotcoin Research | Fusaka Upgrade Approaching: Analysis and Outlook on Ethereum Long and Short Positions
This article will review Ethereum's recent performance, provide an in-depth analysis of the current bullish and bearish factors facing Ethereum, and look ahead to its prospects and trends for the end of this year, next year, and the medium to long term. The aim is to help ordinary investors clarify uncertainties, grasp trends, and provide some reference to support more rational decision-making during key turning points.
Crypto Market Surges as Bitcoin Rebounds and Privacy Coins Shine
In Brief Bitcoin rebounded over the weekend, testing the $86,000 mark. Privacy-focused altcoins Monero and Zcash showed notable gains. Total market value surged, crossing the $3 trillion threshold again.
Crypto Markets Rebound as Traders Signal Seller Fatigue
In Brief Crypto markets rebounded amid significant liquidations and oversold RSI signals. Weekend trading conditions with thin liquidity influenced rapid price shifts. The rebound's sustainability remains uncertain, prompting scrutinous investor attention.
Cardano : Network security questioned after a major incident
Trending news
MoreCrypto prices
More
