Solana (CRYPTO: SOL) gained momentum Wednesday ahead of the launch of its first-ever futures exchange-traded fund products.
What happened: Solana jumped over 7%, becoming the second-most successful large-cap cryptocurrency over the last 24 hours. The coin’s trading volume surged 54% to $3.65 billion.
The sixth-largest cryptocurrency outshone market heavyweights Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which grew by 3.82% and 5.11%, respectively.
The rally came in anticipation of the debut of new ETFs on Thursday that would track Solana futures.
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Full story available on Benzinga.com