#ETFWatch Among the many developments in cryptocurrency ETFs, I am most concerned about the **launch of the first Solana futures ETF**. Although Bitcoin and Ethereum futures ETFs have previously entered the market, Solana, as the first non-mainstream public chain asset, gaining approval signifies an increased acceptance of diverse crypto assets by regulators, potentially paving the way for financial products for other Layer 1 projects (such as Avalanche and Cardano).

Currently, the SEC's approval of spot ETFs still focuses on Bitcoin and Ethereum, while the launch of the Solana futures ETF not only breaks this limitation but also reflects the market's demand for highly volatile and high-potential public chains. Despite the drawbacks of futures ETFs, such as tracking errors and funding rate costs, this product may still attract institutional capital inflows, enhancing Solana's market liquidity and price discovery efficiency.