CME Group It was revealed Solana (SOL) futures launched on March 17th and have pending regulatory approval cited increased customer demand. ETF Store CEO Nate Geraci noted that the development will “become well” for Sol Exchange-Traded Fund (ETF) prospects.
According to a statement on February 28, the new Solana futures contracts will be available in two sizes: two SOL Micro Contracts and a larger 500 Sol contract.
CME Group said these products are designed to cater to a wide range of market participants, from institutional investors to active traders.
Giovanni Vicioso, global head of cryptocurrency products at CME Group, emphasized that the launch is aimed at dealing with increasing client demand. He added:
“As Solana continues to evolve into a platform of choice for developers and investors, these new futures contracts provide capital-efficient tools to support investment and hedging strategies.”
Furthermore, industry figures such as Kyle Samani from Multicoin Capital and Teddy Fusaro from Bitwise pointed out that introducing Sol Futures is a sign of market maturity.
CME Group's Solana Futures is benchmarked with cash for CME CF Solana-Dollar reference rates. Reference Rates provide a standardized daily rating of Solana in US Dollars.
ETF odds have been boosted
Analysts view futures contracts as Crypto ETF approval requirements as Bitcoin (BTC) and Ethereum (ETH) follow this path. Winning a futures contract could increase the likelihood of Sol ETF approval.
Probability of Solana ETF approval in the US this year, according to Bloomberg ETF analysts Eric Bulknath and James Seifert It's 70%. Recent SEC In early February, five publishers were approved for Spot Sol ETF filings.
The document was later Included in the Federal Register Between February 12th and 18th, the SEC has 240 days to respond to filing, ending on October 16th.
JPMorgan's estimate based on Bitcoin and Ethereum ETFS flow predicted Solana ETFS Can be captured Net flows ranging from $3 billion to $6 billion.
The CME group, which is set to launch Solana Futures on March 17, has bolstered its ETF outlook and made its first appearance in Cryptoslate.
