CME Group to Launch Solana Futures on March 17
Summary of Solana Futures Launch
CME Group will launch cash-settled Solana (SOL) futures on March 17, pending regulatory review. Key details include:
- Futures available in micro-sized contracts (25 SOL) and larger contracts (500 SOL).
- Provides sophisticated investors a regulated way to manage volatility in the SOL market.
- Potential to pave the way for US-listed Solana ETFs, similar to previous launches for Bitcoin and Ethereum.
- Average daily volume for CME’s Bitcoin and Ethereum futures/options has increased by 73% year over year, with open interest up 55%.
- The SEC may prioritize futures markets prior to approving new spot crypto ETFs.
A CME spokesperson confirmed there are no current plans for XRP futures but emphasized growth in existing BTC and ETH derivatives.