CME Group Announces Plans for Solana Futures Launch Pending Approval

The derivatives giant aims to introduce Solana futures contracts on March 17, potentially paving the way for regulated SOL ETFs.

CME Group, the world's largest derivatives marketplace, has announced plans to launch Solana (SOL) futures contracts on March 17, subject to regulatory approval.
The contracts will be available in two sizes: a standard contract for 500 SOL and a micro-sized contract for 25 SOL, both cash-settled using the CME CF Solana-Dollar Reference Rate.
The move addresses growing client demand for regulated tools to manage cryptocurrency price risk, according to CME's Global Head of Cryptocurrency Products.
Industry experts suggest that the launch of regulated SOL futures could increase the likelihood of the SEC approving Solana-based exchange-traded funds (ETFs) in the future.
Solana, a blockchain network known for its speed and low transaction costs, has attracted institutional interest, including partnerships with Visa and Shopify for payment solutions.