Solana Futures Market Explodes Amidst Potential ETF Approval

The Solana futures market has seen significant growth, with open interest surging to $1.87 billion on September 23rd, marking a substantial increase from the previous level of $1.49 billion on September 9th. This dramatic rise is attributed to the increasing anticipation surrounding a potential approval of a Solana spot ETF in October, coupled with increased accumulation by SOL treasury companies, which has fuelled demand.