Analysis: Low trader interest in CME Solana futures has limited impact on SOL spot prices

K33 Research analysts Vetle Lunde and David Zimmerman note in a new report that trader interest in CME Solana futures has been low, with first-day trading volume of just $12.3 million and open interest of $7.8 million, far less than previously launched bitcoin and ethereum futures products. In addition, analysts also believe that Solana futures will have a limited impact on the SOL spot price, making it difficult to replicate the frenzy of the Bitcoin ETF in 2024.