Solana (SOL) futures were the first to adopt the mainstream of cryptocurrencies on March 17 at the CHICAGO MERCANTILE EXCHANGE (CME) group.
In February, CME plans to list two types of SOL futures contracts. Standard contract that represents 25 SOLs with 500 SOL and retail -friendly “micro” contracts.
They are the first regulated Solana gifts that have entered the US market after Coinbase was released in February. The contract is solved by cash, not physical sole.
According to the preliminary data of the CME website, on March 17, SOL FUTURES, the first trading day of the contract, changed its hand for a transaction, which represents almost $ 5 million at a nominal value of nearly 40,000 soles or at the current price.
Early price data represents a potential weakness of SOL between traders. The CME will not post final data on daily trading volume until later business days.
CME’s April futures contract was traded at $ 127 at $ 12 per $ 2 than the contract expired in March, CME data said.
On March 16, trade firms Falconx and Stonex completed their first SOL futures trading in CME, they said.
Chris Chung, founder of Solana -based swap platform TITAN, said on March 17, “Solana has been a long way for the last five years.
Jung said, “Solar and gifts will live in CME today, and SOL (Exchange-Traded Funds) will surely follow.
CME listed SOL FUTURES on March 17. Source: Cme
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ETF approval probability
On March 13, Jung predicted that the US Securities and Exchange Commission (SEC) would approve the proposed SPOT Solana ETFS in May in May.
At least five ETF issuers submitted to the US Securities and Exchange Commission and listed the SPOT Solana ETF. The regulatory agency made a final decision to submit by October 2025.
Bloomberg Intelligence measures the possibility that SOL ETF is ultimately approved at about 70%.
Futures contracts are standardized contracts for purchasing or selling basic assets in the future.
They are generally used for hemp and guessing of retail and institutional investors. Futures also play an important role in the Spot Cryptocurrency ETF. This is because the regulated futures market provides a stable benchmark for measuring the performance of digital assets.
The CME already lists the gift contracts of Bitcoin BTC and Ether ETH. Last year, US regulators approved the ETF for all of these cryptocurrencies.
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