“CME Group Expands ITS Crypto Offers with Solana Futures, Set to Debut in March.”, – WRITE: www.coindesk.com
“WITH THE LAUNCH OF NEW SOL FUTures Contracts, We Are Responding to Increase Client Demand for a Broader Set of Regulated Products,“ SAID GIOVANNI VADIOSO Cryptocurrency Products.
The Contracts Will Be Cash-Settled, Using the CME CF Solana-Dollar Reference Rate, Which Tracks Sol’s Price Daily at 4:00 PM London Time. CME ALREADY OFFERS BITCOIN AND Ether Futures, Which Have Seen Significant Growth in Trading Activity. The FIRM REPORTED AN AVERAGE DAILY VOLUME OF 202,000 Contracts This Year, Up 73% from 2024.
Industry Leaders View the Move As A Step Town Greater Institutional Adoptation of Crypto. Teddy Fusaro, President of Bitwise Asset Management, Noted that Cmepto Derivatives Helped Pave the Way for Regulated Financial Products, Including Etfs. Kyle Samani of Multicoin Capital Added that Such Products Give Sophisticated Investors More Tools to Manage Risk and Exposure.
With Solana Gaining Traction Among Developers and Investors, The Addition of Sol Futures Highlights of the Increasing Demand for Regulated Crypto Trading Products. It Could Also Pave the Way for Sol Exchange-Traded Funds (ETFS) to be Approved by the Securities and Exchange Commission (SEC).
“Cme’s Decision to List Sol Contracts Today Significantly Increases of the Possibility that Corresponing Spot Etf Applications Could be Approved in The Foreseable Future,” SAID SUID SUDCH, ”
“While An Exact Timeline for Approval Is Hard to Discern, It’s Probable The Sec Will Will To See Several MONTHS ‘WORTHTRADING ON THER Applications for Sol Applications for Sol. ”
Disclaimer: Parts of this Article Were Generated with the Assistance from AI Tools and Review by Our Editory Team to Enseure Accucy and Adherice Tour Standards. For more information, See Coindesk’s Full Ai Policy.
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