CME Group set to launch Solana futures on March 17, strengthening ETF prospects

CME Group set to launch Solana futures on March 17, strengthening ETF prospects
фото показано с : cryptoslate.com

2025-3-1 21:28

CME Group revealed the Solana (SOL) futures launch on Mar. 17, pending regulatory approval, citing increasing client demand. Nate Geraci, CEO of The ETF Store, noted that the development “definitely bodes well” for SOL exchange-traded fund (ETF) prospects.

According to a Feb. 28 statement, the new Solana futures contracts will be available in two sizes: a 25 SOL micro-contract and a 500 SOL larger contract. 

CME Group stated that these offerings are designed to accommodate a wide range of market participants, from institutional investors to active traders.

Giovanni Vicioso, global head of cryptocurrency products at CME Group, highlighted that the launch aims to address increasing client demand. He added:

“As Solana continues to evolve into the platform of choice for developers and investors, these new futures contracts will provide a capital-efficient tool to support their investment and hedging strategies.”

Moreover, industry figures such as Multicoin Capital’s Kyle Samani and Bitwise’s Teddy Fusaro noted that introducing SOL futures is a sign of market maturation, as sophisticated tools to manage crypto exposure are needed.

CME Group’s Solana futures will be cash-settled and benchmarked against the CME CF Solana-Dollar Reference Rate. The reference rate provides a standardized daily valuation of Solana in US dollars.

ETF odds boosted

Analysts view futures contracts as a spot crypto ETF approval requirement, as Bitcoin (BTC) and Ethereum (ETH) have followed this path. Gaining futures contracts could boost the chances of an SOL ETF approval.

According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, the odds of a Solana ETF being approved in the US this year are 70%. The SEC recently acknowledged spot SOL ETF filings from five issuers earlier in February.

The documents were later included in the Federal Register between Feb. 12 and 18, meaning the SEC now has 240 days to respond to the filings, ending on Oct. 16. 

JPMorgan’s estimate, based on Bitcoin and Ethereum ETFs’ flows, predicted that Solana ETFs could capture $3 billion to $6 billion in net flows.

The post CME Group set to launch Solana futures on March 17, strengthening ETF prospects appeared first on CryptoSlate.

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