Early pricing data indicates a potentially bearish sentiment on SOL among traders. The CME does not publish finalized data on daily trading volumes until the subsequent business day. The CME’s April futures contracts traded at a price of $127 per SOL — $2 per token less than contracts expiring in March, CME data shows. On March 16, trading firms FalconX and StoneX completed the first-ever SOL futures trade on CME, they said.“Solana has come a long way in the last five years,” Chris Chung, founder of Solana-based swap platform Titan, told Cointelegraph on March 17.“Solana futures are going live on the CME today, and SOL [exchange-traded funds] will surely follow shortly behind,” Chung said. CME listed SOL futures on March 17.
Source: CMERelated: Solana CME futures tip impending US ETF approvals — ExecETF approval oddsOn March 13, Chung told Cointelegraph he expects the US Securities and Exchange Commission (SEC) to approve asset managers VanEck and Canary Capital’s proposed spot Solana ETFs as soon as May.
In February, CME tipped plans to list two types of SOL futures contracts: standard contracts representing 500 SOL and retail-friendly “micro” contracts representing 25 SOL each. They are the first regulated Solana futures to hit the US market after Coinbase’s launched in February.
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Author / Journalist: Cointelegraph by Alex O’Donnell
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