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The Florida -based fluctuations company launches LLC, launching on the stock exchange boxes (ETFS) associated with future Solana contracts. According to submitting a file with the US Securities and Exchange Committee (SEC), these products will start trading today – as investors in the traditional financing (Trafi) specialists in access to all the five five encrypted currencies through the basic capital.
The CME group, the world’s largest futures stock exchange, presented Solana Futures on Monday. Accordingly, Solana ETF will repeat the volatility of these futures that start tomorrow. Meanwhile, 2x Solana Etf (Ticker: Solt) will provide dual -soluble exposure to those looking for inflated returns in the Solana Futures market that is still not emerging.
Eric Balunas commented on 2x, one of which is Solana Equiv of Bito and Bitx. mail On x yesterday.
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Despite the uproar around these new investment funds, the initial enthusiasm of future Solana contracts seems relatively modest. Modern data indicates that Solana Futures has generated a daily symbolic trading volume of about $ 12.3 million – on the blatant opposite with the first days of bitcoin contracts and future contracts, which have seen much higher numbers in their launch operations.
However, the K33 research company indicates that the low nominal size is in line with the market value of Solana when compared to the size of bitcoin and the size of Ethereum in their first appearance. “With a few fins and bang, futures for CME were launched yesterday. The launch day sizes were much lower than the BTC and ETH launches. However, if you normalized storage units to market hats on launch days, the launch corresponds to the two.” mail.
Solana price at a focal point
Solana is currently trading at $ 131.6, a decrease of more than 50 % of its highest level (ATH) in mid -January. Many of this recession is attributed to the poured enthusiasm in the mechanics – an area where Solana was particularly active and often described as an “ethereum murderer”.
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However, over the past 24 hours, Solana has gained more than 6 %, partially supported by the wider encryption market reaction to the FOOC Open Market decision (FOMC). While the Federal Reserve chose to maintain the standard interest rate unchanged, the central bank also announced a great slowdown in its surface flow program – referred to “quantitative tightening”.
Starting in April, the Federal Reserve will reduce the monthly surface flow of the government from $ 25 billion to $ 5 billion, a step that many analysts explain as ascending to risk assets such as cryptocurrencies.
From a technical perspective, the Sol price is approaching the level of re -imitation of 0.5 Vibonacci at $ 133, a threshold that is closely corresponding to the SIA moving average for 100 days (EMA) at $ 133.65.
The daily closure above both levels is upward, which opens the possibility of a gathering towards a spread of 0.618 Vibonacci at $ 166.7, which intersects with EMA for 50 days. In the long run, traders look to mid-January near $ 296 as a potential goal-although conquering immediate resistance levels remains a critical obstacle.
Distinctive photo of Shutterstock, Chart from TradingView.com
