Solana (Sol) Futures were exchanged for the first time in the Chicago Mercantile Exchange (CME) US Derivatives Exchange on March 17 as the main adoption of cryptocurrency adoption.
In February, CME plans were kicking in List two types of contracts with Sol Futures: Common contracts representing 500 Sol and retail “Micro” contracts representing 25 SOL each.
They were the first regulated solana futures to hit the US market after Coinbase was launched in February. The contracts are fixed to cash, not physically sol.
On March 17, the first day of trading contracts, Sol Futures representing a notional value of nearly 40,000 Sol, or nearly $ 5 million in current prices, changed hands to exchange, According to In the initial Data From the CME website.
Early pricing data indicates a potential bearish sentiment to SOL to entrepreneurs. CME does not publish that -Finalize data in the sun -day -to -day trading volume until the next business day.
April futures contracts of CME were exchanged for $ 127 per sol – $ 2 per token less than contracts expired in March, CME data displayed.
On March 16, trade companies completed Falconx and Stonex the first trade in Sol Futures in CME, they Says.
“Solana has come a long way in the last five years,” Chris Chung, Solana -based platform founder Titan, told Cointelegraph on March 17.
“Solana futures will live in CME today, and Sol (funds that exchanged exchanges) will definitely follow shortly,” Chung said.
CME listed Sol Futures on March 17. Source: CME
Related: Solana CME Futures Tip causing US ETF approved – Exec
Ods of Approval of ETF
On March 13, Chung told Cointelegraph He expects the US Securities and Exchange Commission (SEC) to approve Vaneck asset managers and the suggested area of Canary Capital Solana ETF as soon as possible.
At least five ETF providers filed with the US Securities and Exchange Commission to list Solana ETFs. The regulator will be up to October 2025 to make a final decision on the filings.
The Bloomberg Intelligence Gauges is the possibility that Sol ETFs are eventually approved by approximately 70%.
Futures contracts are standard agreements to buy or sell an underlying owner on a future date.
They are commonly used for the prejudice and speculation of investors and institutional investors. Futures also play an important role that supports Cryptocurrency ETF spots as the regulated futures market provides a stable benchmark for measurement of performance of a digital asset.
CME has already listed futures contracts for bitcoin Btc and Ether Eth. US regulators approved ETFs for both of the cryptocurrencies last year.
