Solana futures finish first trading day on CME
17 Março 2025 - 6:40PM
Cointelegraph


Solana (SOL) futures
traded for the first time on the Chicago Mercantile Exchange (CME)
Group’s US derivatives exchange on March 17 as the cryptocurrency’s
mainstream adoption gains momentum.
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. The contracts are settled in cash, not
physical SOL.
On March 17, the contracts’ first trading day, SOL futures
representing a notional value of nearly 40,000 SOL, or nearly $5
million at current prices, changed hands on the exchange,
according to preliminary
data from CME’s website.
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:
CME
Related:
Solana CME futures tip impending US ETF approvals —
Exec
ETF approval odds
On 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.
At least five ETF issuers have filed with the US Securities and
Exchange Commission to list spot Solana ETFs. The regulator has
until October 2025 to make a final decision on the
filings.
Bloomberg Intelligence gauges the likelihood that SOL ETFs are
ultimately approved at approximately 70%.
Futures contracts are standardized agreements to buy or sell an
underlying asset at a future date.
They are commonly used for hedging and speculation by retail and
institutional investors. Futures also play a crucial supporting
role for spot cryptocurrency ETFs because regulated futures markets
provide a stable benchmark for measuring a digital asset’s
performance.
CME already lists futures contracts for Bitcoin
BTC
and Ether ETH. US regulators
approved ETFs for both of those cryptocurrencies last year.
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