Solana SOL/USD gained momentum Wednesday ahead of the launch of its first-ever futures exchange-traded fund products.
What happened: Solana jumped over 7%, becoming the second-most successful large-cap cryptocurrency over the last 24 hours. The coin’s trading volume surged 54% to $3.65 billion.
The sixth-largest cryptocurrency outshone market heavyweights Bitcoin BTC/USD and Ethereum ETH/USD, which grew by 3.82% and 5.11%, respectively.
The rally came in anticipation of the debut of new ETFs on Thursday that would track Solana futures.
See Also: Cathie Wood Believes Most Memecoins Will Face ‘Fearsome Declines,’ But They Could End Up Becoming Collector’s Items
Florida-based Volatility Shares LLC is introducing Volatility Shares Solana ETF, having the ticker SOLZ, and the Volatility Shares 2X Solana ETF, with the ticker SOLT, offering twice the leveraged exposure.
“In order to obtain exposure to Solana, the…
