Breaking
March 18, 2025

Solana futures debut on CME as mainstream adoption grows Nellius Irene | usagoldmines.com

Solana (SOL) futures began trading on the Chicago Mercantile Exchange (CME) Group’s U.S. derivatives exchange on March 17, bringing spot SOL exchange-traded funds closer to fruition. 

Chris Chung, founder of Solana swap platform Titan, said that this is a major milestone for Solana and paves the way for the eventual approval of SOL ETFs.

Matthew Sigel, VanEck’s head of digital assets research, also acknowledged the development on X on Monday, calling it a major step toward the approval of a Solana ETF.

Solana futures make their U.S. debut on CME with strong trading activity

In February, CME announced plans to list two types of SOL futures contracts: standard contracts representing 500 SOL and smaller “micro” contracts covering 25 SOL each.

These are the first regulated Solana futures available in the U.S. market, following Coinbase’s launch of SOL futures in February. The contracts are cash-settled rather than physically delivered.

According to preliminary data from CME’s website, SOL futures saw a notional volume of nearly 40,000 SOL on the first day of trading—equivalent to approximately $5 million at current prices.

Early trading data suggests a potentially bearish outlook among traders. CME’s April SOL futures were priced at $127 per token, $2 lower than the contracts expiring in March. The exchange does not publish finalized daily trading volumes until the next business day.

The first-ever SOL futures trade on CME was executed on March 16 by trading firms FalconX and StoneX.

“Solana has come a long way in the last five years,” said Chris Chung, founder of Solana-based swap platform Titan.

CME Group’s Giovanni Vicioso stated last month that the introduction of Solana futures aligns with growing client demand for a wider range of regulated products to manage cryptocurrency price risk. He emphasized that as Solana gains traction among developers and investors, these futures contracts will serve as an efficient tool for investment and hedging strategies.

Solana ETF approval gains momentum amid market shifts

According to Chris Chung, the establishment of a regulated market for SOL futures signals Solana’s maturation as an asset. He noted that this development could allow regulators to approve additional financial products with similar risk profiles.

Chung also highlighted the shifting regulatory stance toward cryptocurrency in the U.S. this year. He pointed out that while many dismissed the idea of a Solana ETF last year, it is now seen as an inevitability. He expects a wave of altcoin ETFs to gain approval in both North America and Canada, further cementing Solana’s position in mainstream finance.

On March 13, Chris Chung said that the U.S. Securities and Exchange Commission could approve VanEck and Canary Capital’s proposed spot Solana ETFs as early as May.

Futures contracts, which are standardized agreements to buy or sell an asset at a predetermined future date, are widely used for both hedging and speculation by retail and institutional investors. They also play a critical role in supporting spot cryptocurrency ETFs by offering a regulated benchmark for tracking asset performance.

The CME already offers futures contracts for Bitcoin (BTC) and Ether (ETH), both of which received SEC approval for spot ETFs last year. 

Bitcoin’s ETF success paves the way for Solana’s approval

The U.S. Securities and Exchange Commission approved the listing of spot Bitcoin ETFs in January 2024 and spot Ethereum ETFs in July. A crypto task force led by Republican SEC Commissioner Hester Peirce was launched last month and has been working on distinguishing which crypto assets are securities, among other priorities.

At least 13 Solana ETF proposals are pending SEC approval. Former President Donald Trump appointed crypto advocate Paul Atkins to lead the SEC, but since Atkins has yet to undergo confirmation hearings, these proposals remain in regulatory limbo.

ETF Store President Nate Geraci recently predicted that BlackRock will eventually file for both Solana and XRP ETFs, suggesting that a Solana filing could happen soon. Last month, Bloomberg ETF analysts estimated a 70% chance of Solana ETF approval by the end of the year.

As of now, Solana’s native token is trading at approximately $126.56, down 2.1% in the past 24 hours.

Cryptopolitan Academy: Coming Soon – A New Way to Earn Passive Income with DeFi in 2025. Learn More

 

This articles is written by : Nermeen Nabil Khear Abdelmalak

All rights reserved to : USAGOLDMIES . www.usagoldmines.com

You can Enjoy surfing our website categories and read more content in many fields you may like .

Why USAGoldMines ?

USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.

Recent:

Crypto News | Four Meme handles second exploit in months, reinstates launch service Oluwapelumi Adej...

Crypto News | Bank of Korea to give 100,000 users access to CBDC in real-world pilot Liam 'Akiba' Wr...

Gemini appoints new CFO, stokes rumors about upcoming IPO Hannah Collymore | usagoldmines.com

Wall Street execs reveal what’s holding back crypto and blockchain adoption Jai Hamid | usagoldmines...

Bitcoin’s Bull Market Cycle Is Over, CryptoQuant CEO Issues Grim Warning Brenda Ngari | usagoldmines...

Standard Chartered Slashes Its Year-End Ether Price Target From $10,000 To $4,000 — Here’s Why Brend...

Hashdex Seeks SEC Permission To Add Ripple’s XRP, Cardano, And Solana To Its Crypto ETF Index Brenda...

On-Chain Analysis Reveals Ethereum (ETH) Has Hit The Bottom Olivia Brooke | usagoldmines.com

Sol Strategies Acquires Three Solana Validators, Including Laine and Stakewiz.com Hassan Shittu | us...

‘Hyperliquid 50x Leverage Whale’ Is a Cybercriminal Using Stolen Funds— ZachXBT Hassan Shittu | usag...

Crypto Whale Nets $10 Million in Profit on 40x Leverage Bitcoin Short Ruholamin Haqshanas | usagoldm...

Best Crypto to Buy as Canary Capital Files for First-Ever SUI ETF Krishi Chowdhary | usagoldmines.co...

Crypto News | Pi Network (PI) Price Predictions for This Week Duo Nine | usagoldmines.com

Mubarak Meme Coin Skyrockets 200% in 48 Hours: Is This Rally Sustainable? Elena R | usagoldmines.com

Hyperliquid Whale a Trader Or Cyber Criminal? ZachXBT Exposes the Truth! Mustafa Mulla | usagoldmine...

Crypto Firms Seek National Bank Status Victor | usagoldmines.com

Tesla short sellers make $16 billion as Elon Musk loses $200 billion Jai Hamid | usagoldmines.com

Global markets rise for the second day as US investors await housing data Jai Hamid | usagoldmines.c...

Vitalik Buterin mints DAI, sells DHN and crashes meme token prices with rapid selling Hristina Vasil...

Shiba Inu (SHIB) Millionaire Bets $0.25 Million On This ETH-Based Altcoin, Predicting 17,500% Run So...

Bitcoin Accumulation Resumes After 3 Months Of Distribution – Analyst Sebastian Villafuerte | usagol...

Crypto News | Is Dogecoin Poised for a Breakout? These Indicators Say Yes (Santiment) Mandy William...

Crypto News | Crypto.com influence stirs controversy in Cronos token burn reversal Oluwapelumi Adeju...

Bitcoin Crash Ahead? Peter Schiff Predicts BTC at $20K as Gold Surges Vignesh S G | usagoldmines.com

80 Companies Embrace Bitcoin Holdings Victor | usagoldmines.com

Bitcoin Leads the Charge Amid Post-Election Market Dip Victor | usagoldmines.com

Ethena Labs and Securitize to launch Converge blockchain for retail and institutional DeFi and token...

Ripple mints 25 million RLUSD tokens Florence Muchai | usagoldmines.com

New York Court to Review LIBRA Token Case Following 94% Price Crash Maisie Morrison | usagoldmines.c...

Japan’s Metaplanet Buys $12.5M in Bitcoin, Adding Another 150 BTC to Holdings Ruholamin Haqshanas | ...

Cronos Approves Controversial $5.6B CRO Reissuance Proposal with Crypto.com’s Influence Ruholamin Ha...

China’s Xi Jinping to visit Washington amid trade tensions with Trump Jai Hamid | usagoldmines.com

Lightchian AI & Cardano (ADA) See Surge In Whale Activity, Which Crypto Will Pump First? Cryptop...

Bitcoin Bull Run ‘Is Over’: CryptoQuant CEO Sounds The Alarm Jake Simmons | usagoldmines.com

Crypto News | These Altcoins Suffer the Most as Bitcoin (BTC) Slides to $83K (Market Watch) Jordan ...

Crypto News | Solana Foundation sparks backlash with controversial ad comparing pronouns to DeFi Olu...

Can Pepe Coin Surge 60%? Top Analysts Predict Massive Breakout! Mustafa Mulla | usagoldmines.com

Pi Coin Price Drops 17% After $175M Token Unlock – What’s Next? Zameer Attar | usagoldmines.com

Mubarak Meme Coin Hits $200M Market Cap – Is It the Next Big Crypto? Vignesh S G | usagoldmines.com

Ripple Lawsuit Update: Will XRP Recover After Legal Uncertainty? Debashree Patra | usagoldmines.com

Metaplanet Acquires 150 BTC, Joins Top 10 BTC Holders Victor | usagoldmines.com

Bitcoin’s bull market just might be over as US stocks seemingly revive Jai Hamid | usagoldmines.com

Fasttoken (FTN) leads this week’s $486m unlocks – what’s next for prices? Vignesh Karunanidhi | usag...

Mutuum Finance: Ethereum-Based Token Ready To Revolutionize DeFi With 15,000% Rally In 5 Weeks Crypt...

Crypto News | New Meme Coin MUBARAK Explodes as PEPE and MEMEX Gain Momentum Felix Mollen | usagold...

Crypto News | Ripple (XRP) Price Predictions for This Week Duo Nine | usagoldmines.com

Crypto News | Cardano (ADA) Price Predictions for This Week Duo Nine | usagoldmines.com

Crypto News | Binance Updates, Cardano Whale Sell-Off, and More: Bits Recap for March 18 Dimitar Dz...

Crypto News | Bitcoin bull market could be over until 2026 based on PnL index – CryptoQuant CEO Liam...

How Bitcoin Fixes Musk’s ‘Magic Money Computer’? Victor | usagoldmines.com

Binance’s Four.meme launch platform attacked to drain liquidity from newly launched tokens Hristina ...

Solana Removes ‘Offensive,’ ‘Cringe’ Ad Following Intense Community Backlash Sujha Sundararajan | us...

Microsoft Warns of New Trojan Targeting Crypto in 20 Chrome Wallet Extensions Ruholamin Haqshanas | ...

BNB Ready To Breakout? New ATH Coming ‘In No Time’ If This Resistance Breaks Rubmar Garcia | usagold...

Crypto News | Aptos Movemaker Launches US$2 Million Grant Program and Exclusive Co-Working Space fo...

Crypto News | Why Is the Pi Network (PI) Price Down Today? Dimitar Dzhondzhorov | usagoldmines.com

Crypto News | TokenPicks Launches Reward System to Incentivize Crypto Education Chainwire | usagold...

Top Altcoins to Watch in 2025: Expert Picks & Bitcoin’s Next Move Elena R | usagoldmines.com

Burwick Law Sues LIBRA Memecoin Creators Over Deceptive Token Launch Nidhi Kolhapur | usagoldmines.c...

Trump’s SEC Pick Paul Atkins Faces Shocking Delay – Missing Paperwork Stalls Confirmation! Mustafa M...

Dogecoin (DOGE) Journey to the Top Is Over, Could Mutuum Finance (MUTM) Be the Next 50x Opportunity?...

Bitcoin Miner Selling Still Elevated, On-Chain Data Shows Keshav Verma | usagoldmines.com

Crypto News | Bitcoin ETFs See a Glimmer of Hope as Inflows Hit a 6-Week High Jordan Lyanchev | usa...

Crypto News | Bitcoin (BTC) Bull Cycle May Be Over: CryptoQuant CEO Warns Chayanika Deka | usagoldm...

Vitalik Buterin Sells Meme Tokens For 71.69 ETH, Mints 315K DAI Nidhi Kolhapur | usagoldmines.com

Crypto News: $32.6 Million Bitcoin Pyramid Scheme Dismantled by Spanish Authorities Anjali Belgaumk...

Bitcoin advocate who took on Elizabeth Warren says ‘now is the most bullish time’ for crypto’ Nelliu...

Crypto Trading Firm Cumberland Subsidiary Receives Singapore MAS’ nod for MPI License Sujha Sundarar...

Canary Capital Group Seeks Approval for Sui-Based ETF Shalini Nagarajan | usagoldmines.com

Bitcoin Spot ETFs See $275M Inflow as Ethereum ETFs Extend 9-Day Outflow Streak Ruholamin Haqshanas ...

Tether Boosts Stake in Bitdeer to 21.4%, Now Holds 32M Shares Nidhi Kolhapur | usagoldmines.com

ADA Founder Says SEC Would Have ‘Danced on Bankrupt Graves’ of Crypto Projects if They Won Anjali B...

Hashdex ETF Expansion Could Shake Up the Crypto Market – Here’s Why Debashree Patra | usagoldmines.c...

WazirX News: Exchange Gears Up for Relaunch After $234.9M Hack Vignesh S G | usagoldmines.com

Burwick Law firm takes legal action against Kelsier, KIP, and Meteora over alleged unfair LIBRA toke...

WhiteRock deep dive: On-chain brokerage with tokenized equities and bonds Brian Koome | usagoldmines...

Historical Pattern From 2020 Hints Ethereum Could Be Poised For A Parabolic Rally, Analysts Explain ...

Crypto News | ETF Bloodbath: What Happened to Bitcoin and Ethereum Funds Last Week Mandy Williams |...

Top ‘Whale Approved’ Altcoins to Stack Ahead of the March 19 FOMC Meeting Anjali Belgaumkar | usago...

Trump’s World Liberty Financial Raises $550M, Trump and Partners To Receive $390M Nidhi Kolhapur | u...

Crypto Exchange Gemini Appoints New CFO as it Prepares for Potential IPO Shalini Nagarajan | usagold...

Bitcoin Bull Cycle is Over, Expect 6-12 Months of Bearish Trend: CryptoQuant CEO Shalini Nagarajan |...

Lightchain AI Thrives with Innovation and Strong Support Amid Challenging Market Conditions Cryptopo...

Solana Marks 5-Year Journey – 400 Billion Transactions And Counting Christian Encila | usagoldmines....

Bitcoin Bull Market Over, CryptoQuant CEO Predicts Bearish Trend for Next 6–12 Months Anjali Belgau...

SEC To Reconsider Biden’s Crypto Custody Rule, Acting SEC Chair Uyeda Says Nidhi Kolhapur | usagoldm...

Michael Saylor’s Strategy outperforms Bitcoin. Is a reversal coming? Jai Hamid | usagoldmines.com

Shiba Inu and Dogecoin Whales Flock to Remittix (RTX) at $0.07, Forecasting a 15,540% Surge in Weeks...

Solana Gears Up for a Major Breakout—How BONK and XYZ Could Benefit! Cryptopolitan Media | usagoldmi...

XRP Price Prediction For March 18 Anjali Belgaumkar | usagoldmines.com

Bitcoin Whales Exit $945M in ETFs – Can BTC Break Above $85K? Arslan Butt | usagoldmines.com

Russian Central Bank to Test Digital Ruble Smart Contract Functions in Tatarstan Tim Alper | usagold...

Top Asian Investors Shift From Tron (TRX) and Shiba Inu (SHIB) to Acquire This Underrated 70x Altcoi...

Analyst Predicts Dogecoin And Altcoins’ Next Surge – Here’s The Timeline Jake Simmons | usagoldmines...

Ripple’s New Trademark Filing Sparks Speculation on Upcoming Crypto Wallet Anjali Belgaumkar | usag...

XRP To Triple Digits? Analyst Confident In $100 Price Goal Christian Encila | usagoldmines.com

Crypto News | Caution from US investors leaves Coinbase Premium negative Andjela Radmilac | usagoldm...

Elon Musk appears in an interview with US senator Ted Cruz and Ben Ferguson Shummas Humayun | usagol...

Hedera (HBAR), Shiba Inu (SHIB) Or Mutuum Finance (MUTM): Which Of These Will Make You Rich In 2025?...

Crypto News | Ethereum Foundation reportedly adapting based on community feedback Gino Matos | usago...

Leave a Reply