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Futures ETF Incoming, and more...

Hello there, this is your daily dose of Solsome news.

In today’s Solsome news,

🔥 Solana Takes the Leap: Futures ETF Incoming!
🚀 DePIN's No Man's Land Dilemma: Revenue is the Key!
🔥 Futures Soar to $12.1M on CME!
🔥 Solana Soars 8% as Crypto Markets Bounce Back!
🔥 CEO Apologizes for Controversial Ad Blunder

🔥 Solana Takes the Leap: Futures ETF Incoming! LINK

  • The first Solana futures ETFs, SOLZ and SOLT, are set to launch on March 20, potentially boosting institutional adoption for the SOL token.

  • Analysts predict that these ETFs may attract $3-$6 billion in net assets within six months of a spot ETF launch, but initial inflows could disappoint.

  • Solana's status gets a legitimacy boost, eyeing competition with Ethereum as the futures ETF opens doors for wider adoption.

🚀 DePIN's No Man's Land Dilemma: Revenue is the Key! LINK

  • Fundamental investors are hitting the brakes, arguing that market caps are inflated compared to current revenue streams—what's hot, but not profitable enough!

  • Crypto native investors are staying cautious, linking potential upside to real revenue rather than just hype—no revenue, no party!

  • The ultimate solution? Rev up those revenue engines!

  • Volatility Shares is set to debut the first U.S. Solana ETFs—SOLZ and the leveraged SOLT—on March 20, marking a significant milestone for the Solana ecosystem.

  • The SOLZ ETF has a management fee starting at 0.95%, while SOLT boasts a 1.85% fee for those craving double the leverage.

  • With recent Solana futures trading clocking in at around $12.1 million, these ETFs are likely to ramp up institutional interest and price dynamics for SOL!

🔥 Solana Soars 8% as Crypto Markets Bounce Back!  LINK

  • Solana’s native token, SOL, jumped 8% following a wider crypto market recovery fueled by optimism around inflation and interest rates.

  • Total Value Locked (TVL) on Solana reached a peak of 53.2 million SOL, marking a 10% rise in just a month! It's now holding solid at $6.8 billion TVL, beating BNB Chain.

  • Despite SOL’s recent price dip, bullish sentiment prevails with balanced demand for leveraged positions, positioning SOL well for a potential rally!

🔥 CEO Apologizes for Controversial Ad Blunder LINK

  • Anatoly Yakovenko admits the "America Is Back" ad was a major misstep that drew heavy criticism, racking up 1.2M views before being deleted in under 9 hours.

  • He expressed shame over downplaying the backlash, calling the ad "mean" and acknowledging its negative impact on marginalized communities.

  • Yakovenko vows lessons learned will keep Solana focused on innovation and away from cultural conflicts.

Others news you might like

💰 North Carolina Considers Bitcoin for Public Funds! The state’s Senate is proposing a bill that could allocate up to 10% of public funds to Bitcoin, boosting its legitimacy as a reserve asset.

🚨 Australia Strikes Back Against Crypto Scams! Authorities have launched Operation Firestorm, dismantling a sophisticated scheme falsely posing as Binance, protecting countless investors.

🔥 Market Shake-Up: Crypto Dips as Gold Soars! Crypto markets are under pressure with Bitcoin ETF inflows slowing, while gold hits an all-time high, signaling a potential shift in investor sentiment.

🚀 DeFi’s Bright Future! Bitwise's CIO highlights the potential of utility tokens like Aptos and Sui as strong contenders for upcoming ETFs, signaling a bullish turn in the crypto market.

🔻 Bitcoin Liquidity Sinks Amid Market Turmoil Liquidity is shrinking as Bitcoin exchange inflows plummet by 54%, highlighting a cautious market adjusting to recent price corrections.

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