The Solana (Sol) Futures first traded the Cryptocurrency’s mainstream speed at the Chicago Mercantile Exchange (CME) Group’s US derivative Exchange on 17 March.
In February, CME planned to list two types of Sol Futures Contracts: 500 Soul and Retail-friendly “micro” contracts representing standard contracts 25 Sol each.
He is the first regulated Solan futures to hit the US market after the coinbase launch in February. The contracts are fixed in cash, not in physical sole.
According to the initial data on the CME website, on March 17, the first trading day of the contracts, the Soul Futures of about 40,000 souls, or approximately $ 5 million at current prices, changed the hand on the exchange.
The initial pricing data indicates a potentially recession spirit on the soul among traders. The cme does not publish the final data on the daily trading volume until a later trading day.
CME’s April Futures Contracts traded at a price of $ 127 per soul – $ 2 per token, CME data show compared to contracts less than the expiry in March.
On 16 March, trading firms Falconx and Stonx completed the first Sol Futures Trade on CME, he said.
Chris Chung, founder of Solana-based swap platform Titan, told Coinlagraph on March 17, “Solana has come a long way in the last five years.”
“Solana Futures are getting live on CME today, and Sol [exchange-traded funds] Chung said, “Surely we will walk back shortly before.
The CM list Sol Futures on 17 March. Source: CME
Connected: Solana CME futures tip us ETF approval – executing us
ETF approval barriers
On 13 March, Chung told Cointelegraph that he hoped to approve the US Securities and Exchange Commission (SEC) soon as May to approve the proposed spot Solana ETF of Asset Managers One and Canary Capital.
At least five ETF issuers have filed to list the Solana ETF with US Securities and Exchange Commission. The regulator has a final decision on the filing by October 2025.
Bloomberg Intelligence estimated the possibility that the Soul ETF is eventually approved at around 70%.
The futures contracts for purchasing or selling underlying property on the future date are standardized agreements.
They are usually used by retail and institutional investors for hedging and speculation. Futures also play an important accessory role for spot cryptocurrency ETFs as regulated futures provide a stable benchmark to measure the performance of digital asset.
CME already lists futures contracts for Bitcoin BTC and Ether Ath. American registers approved the ETF for both those cryptocurrency last year.
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