CME Goes Live with Solana Futures Contract Today

On 17 March, according to The Block, CME officially launched the trading of Solana (SOL) futures contracts today, which is regarded as an important step towards the approval of the SOL spot ETF. The CME Group's SOL futures contracts are said to come in two sizes: micro (covering 25 SOLs) and standard (covering 500 SOLs).

Chris Chung, founder of Solana's exchange platform Titan, said in a statement, ‘This is an important milestone for Solana and paves the way for the eventual approval of the SOL ETF.’ Matthew Sigel, head of digital asset research at VanEck, also posted on the X platform, saying that this brings the launch of the SOL ETF ‘a big step closer’. Currently, there are at least 13 SOL-based exchange-traded products awaiting approval from the U.S. Securities and Exchange Commission (SEC).