CME group unveiled The Futures of Solana (SOL) launches on 17 March, pending the approval of the regulations, stating the increasing demand from the customer. Nate Geraci, CEO of the ETF store, noted that the development “continues absolutely well” for the Sol Exchange-Traded Fund (ETF) perspectives.
According to a statement of 28 February, the new Solana Futures contracts will be available in two sizes: a micro contract with 25 SOL and a larger contract of 500 SOL.
CME Group stated that these offers were designed for a wide range of market participants, from institutional investors to active traders.
Giovanni Vicioso, worldwide head of cryptocurrency products at CME Group, emphasized that the launch aims to meet the increasing demand of the customer. He added:
“As Solana continues to evolve towards the favorite platform for developers and investors, these new futures contracts offer a capital-efficient tool to support their investment and covering strategies.”
In addition, industrial figures such as Kyle Samani from Multicoin Capital and Teddy Fusaro from Bitwise noticed that the introduction of Sol Futures is a sign of market maturation because advanced tools to manage the exposure to crypto are needed.
The Solana Futures of CME Group will be set in cash and benchmarkt against the CME CF Solana-Dollar Reference Rate. The reference rate offers a standardized daily rating of Solana in American dollars.
ETF opportunities raised
Analysts regard Futures contracts as a place that required crypto ETF approval, since Bitcoin (BTC) and Ethereum (ETH) have followed this path. Getting Futures contracts can increase the chances of approving a SOL ETF.
According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, the chance that a Solana ETF will be approved this year in the US are 70%. The sec recently Recognized spot SOL ETF archives of five issues earlier in February.
The documents were later included in the federal register Between 12 and 18 February, which means that the SEC now has 240 days to respond to the archives, ending on October 16.
The estimate of JPMorgan, based on the streams of Bitcoin and Ethereum ETFs, predicted that Solana ETFs could catch $ 3 billion to $ 6 billion in net flowing.
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