Solana Completes First Day of Trading on CME Exchange

Odaily Planet Daily News The Chicago Mercantile Exchange (CME) officially launched Solana (SOL) futures on March 17. This is the first batch of regulated Solana futures products in the US market after Coinbase launched SOL futures in February this year. The contracts listed this time include standard contracts (500 SOL) and micro contracts for retail investors (25 SOL), both of which are cash settled. On the first trading day, the trading volume of SOL futures was about 40,000 SOL, with a notional value of nearly US$5 million. Analysts said that CME's launch of SOL futures is a positive signal for the approval of spot SOL ETFs. At present, five institutions including VanEck and Canary Capital have applied to the SEC for SOL spot ETFs. It is expected that the SEC will make a decision by October 2025 at the latest. Bloomberg Intelligence believes that the probability of its final approval is about 70%. (Cointelegraph)