Cme group Exposed Solana (SOL) futures are released on March 17, and the demands of customers who are being regulated are increasing. NATE GERACI, the CEO of ETF Store, mentioned that the development for the Sol Exchange-Traded Fund (ETF) prospect is “definitely suitable.”
According to the February 28 statement, the new Solana futures contract will be provided in two sizes: 25 SOL Small Contracts and 500 SOL Large Contracts.
CME GROUP says these products have been designed to accommodate broad market participants from institutional investors to active traders.
Giovanni Vicioso, a global director of Cryptocurrency Products of CME Group, emphasized that the launch aims to solve the increase in customer demand. He added:
“As Solana continues to develop into a platform selected by developers and investors, this new futures contract will provide capital efficient tools that support investment and hemp strategies.”
Moreover, industry figures such as Multicoin Capital’s Kyle Samani and Bitwise’s Teddy Fusaro are the signs of market maturity because the introduction of SOL FUTURES requires sophisticated tools to manage encryption exposure.
The Solana Future of the cme group will be cashed and benchmarked in cash for the cme CF Solana-Dollar reference rate. The reference rate provides US dollars in US dollars with standardized daily evaluation of Solana.
ETF probability has increased
Analysts see future contracts as spot encryption ETF approval when Bitcoin (BTC) and Ethereum (ETH) follow this path. Signing a futures contract can increase the chance of approval of SOL ETF.
According to the Bloomberg ETF analyst ERIC BALCHUNAS and James Seyffart, the possibility of Solana ETF approved in the United States this year is 70%. Recent SEC In early February, five publishers admitted to submission of SPOT SOL ETF.
The document was later It is included in the Federal Registration Department Between February 12 and 18, the SEC needs to respond to the 240 -day application at the end of October 16.
Based on the flow of Bitcoin and Ethereum ETFS, JPMORGAN estimates predicted Solana ETFS. Can capture 3 billion to $ 6 billion in pure flow.
The POST CME Group started Solana Futures on March 17 and strengthened its ETF prospects for the first time in Cryptoslate.