Solana is undergoing a significant shift, with institutional investors increasingly positioning themselves ahead of the SEC’s impending decision on an ETF. Key takeaways highlight this trend: CME open interest for Solana (SOL) has reached a record $2.16 billion, signaling surging institutional involvement. Retail traders remain cautious following recent liquidations, keeping leverage subdued at levels below typical market volatility. This is reflected in Solana ETP assets surpassing the $500 million mark, suggesting sustained institutional accumulation. Solana’s derivative markets are indicating a balanced yet bullish setup. Open interest on CME Solana futures has climbed to an all-time high, coinciding with a 23% price rebound from its recent lows.