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CME Exchange Sees Record Solana Activity as ETF Speculation Heats Up
CME Exchange Sees Record Solana Activity as ETF Speculation Heats Up
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CME exchange News -
Speculation is intensifying as solana emerges as a frontrunner for the next spot ETF approval. Institutional interest is surging despite recent price volatility, with CME futures activity reaching unprecedented levels.
Solana futures on CME hit record highs in June, with open interest peaking at 2,849 contracts worth $146 million. Over $3 billion in notional volume has traded since March, with 10% executed via large block trades—a clear institutional footprint.
Market sentiment appears bullish. Polymarket traders price in 91% approval odds, while Google searches for "Solana ETF" spiked 650% in June. Analysts anticipate a 40-50% price surge upon repricing.
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