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CME Group set to launch Solana futures on March 17, strengthening ETF prospects

February 28, 2025
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CME Group revealed the Solana (SOL) futures launch on Mar. 17, pending regulatory approval, citing rising shopper demand. Nate Geraci, CEO of The ETF Retailer, famous that the event “positively bodes effectively” for SOL exchange-traded fund (ETF) prospects.

In keeping with a Feb. 28 assertion, the brand new Solana futures contracts shall be out there in two sizes: a 25 SOL micro-contract and a 500 SOL bigger contract. 

CME Group acknowledged that these choices are designed to accommodate a variety of market individuals, from institutional buyers to lively merchants.

Giovanni Vicioso, international head of cryptocurrency merchandise at CME Group, highlighted that the launch goals to handle rising shopper demand. He added:

“As Solana continues to evolve into the platform of selection for builders and buyers, these new futures contracts will present a capital-efficient instrument to assist their funding and hedging methods.”

Furthermore, business figures comparable to Multicoin Capital’s Kyle Samani and Bitwise’s Teddy Fusaro famous that introducing SOL futures is an indication of market maturation, as refined instruments to handle crypto publicity are wanted.

CME Group’s Solana futures shall be cash-settled and benchmarked towards the CME CF Solana-Greenback Reference Price. The reference charge offers a standardized every day valuation of Solana in US {dollars}.

ETF odds boosted

Analysts view futures contracts as a spot crypto ETF approval requirement, as Bitcoin (BTC) and Ethereum (ETH) have adopted this path. Gaining futures contracts may increase the possibilities of an SOL ETF approval.

In keeping with Bloomberg ETF analysts Eric Balchunas and James Seyffart, the percentages of a Solana ETF being authorized within the US this yr are 70%. The SEC not too long ago acknowledged spot SOL ETF filings from 5 issuers earlier in February.

The paperwork had been later included within the Federal Register between Feb. 12 and 18, that means the SEC now has 240 days to answer the filings, ending on Oct. 16. 

JPMorgan’s estimate, primarily based on Bitcoin and Ethereum ETFs’ flows, predicted that Solana ETFs may seize $3 billion to $6 billion in web flows.

The submit CME Group set to launch Solana futures on March 17, strengthening ETF prospects appeared first on CryptoSlate.



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