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Bloomberg ETF analyst Eric Balchunas spoke after news broke that CME would be launching futures contracts for Solana and XRP.
Balchunas said he thinks the Solana futures ETF could receive approval in mid-March. However, Balchunas said he is skeptical about the size of the demand for the Solana futures ETF, as spot ETF approvals for the company are also coming soon.
Following the development, the Solana price did not make any significant movements and is traded at around $264 at the time of writing.
*This is not investment advice.
