Solana Completes First Day of Trading on CME Exchange
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Odaily reports that the Chicago Mercantile Exchange (CME) officially launched (SOL) futures on March 17, which is the first regulated futures product in the US market after launched SOL futures in February this year. The contracts listed include standard contracts (500 SOL) and micro contracts (25 SOL) for retail investors, both of which are cash-settled. On the first trading day, the trading volume of SOL futures was around 40,000 SOL, with a notional value of nearly $5 million. Analysts say the launch of SOL futures by CME is a positive signal for the approval of a spot ETF. Currently, five institutions, including and , have applied to the SEC for spot ETFs, and the SEC is expected to make a decision by October 2025 at the latest, with Bloomberg Intelligence estimating a 70% chance of eventual approval.
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