CME Group, the world’s largest derivative market, plans to introduce futures of Solana (Sun) on March 17, expanding its set of cryptocurrency derivatives, he said in a press release on Friday. The new contracts, pending regulatory review, will allow operators to manage the risk price risk with two contract sizes: 25 SOL and 500 SOL.
“With the launch of our new Futures Sol contracts, we are responding to the growing demand of customers of a broader set of regulated products,” said Giovanni Vicioso, global head of CME Group cryptocurrency products.
The contracts will be established in cash, using the CME CF Solana-Dollar reference rate, which tracks the sun price daily at 4:00 pm London time. CME already offers Bitcoin and Ether futures, which have seen significant growth in commercial activity. The company reported an average daily volume of 202,000 contracts this year, 73% more than 2024.
Industry leaders see movement as a step towards greater institutional adoption of cryptography. Teddy Fusaro, president of Bitwise Asset Management, said that CME cryptographic derivatives have helped to pave the way for regulated financial products, including ETFs. Kyle Samani, from Mulicoin Capital, added that these products provide sophisticated investors more tools to manage risk and exposure.
With Solana winning traction between developers and investors, the addition of future Sol highlights the growing demand for regulated cryptography trade products. You could also pave the way for the Bag and Securities Commission (SEC) to approve the funds quoted in the Sunbag.
“CME’s decision to enumerate Sol contracts today significantly increases the possibility that corresponding ETF spot applications can be approved in the predictable future,” said Sui Chung, CEO of CF Benchmarks.
“While an exact schedule for approval is difficult to discern, it is likely that the SEC wants to see the value of several months of operating in the CME and being satisfied that the future correlates with the spot market before seeking to approve ETF applications for sun.”
Discharge of responsibility: parts of this article were generated with the assistance of the AI tools and reviewed by our editorial team to guarantee the precision and compliance with our standards. For more information, see Coindesk’s complete policy.
