CME Group Unveils Solana Futures on March 17 – Is a SOL ETF Next?

Jakarta, Pintu News – CME Group, the world’s largest derivatives exchange, officially announced that it will launch the Solana futures contract (SOL) on March 17, 2025.

This move is believed to be a strong indication of Solana’s increasing adoption among institutional investors, as well as opening up opportunities for Solana Exchange-Traded Funds (ETFs) in the future.

Since this announcement, SOL prices have seen a significant spike, signaling the crypto market’s enthusiasm for this new investment instrument.

CME Group Adds Crypto Futures with Solana

CME Group already offers futures for Bitcoin BTC1.14%->Current BTC PriceRp 1.362.630.3311.14%Market CapRp 33.034 TriliunTrading VolumeRp 1.590 TriliunCirculating SupplyRp 19.797.675 and Ethereum ETH2.64%->Current ETH PriceRp 30.814.2312.64%Market CapRp 7.444 TriliunTrading VolumeRp 594,65 TriliunCirculating SupplyRp 120.452.072, and is now adding Solana as part of its expansion into the crypto market. The futures contract will be available in two lot sizes, 25 SOL and 500 SOL, and will use the CF Solana-Dollar Reference Rate for cash settlement.

Read also: Bitwise Proposes Aptos ETF, APT Price Jumps Sharply by 12%!

According to Giovanni Vicioso, Head of Cryptocurrency Products at CME Group, this launch comes in response to the growing demand from institutional investors for regulated derivative instruments in the crypto market.

“With the launch of the new SOL Futures contract, we are responding to growing client demand for a broader range of regulated products.”

With Solana being increasingly adopted in the world of digital finance, these futures contracts offer a more efficient way for investors to manage risk and develop their trading strategies.

Growing Institutional Interest in Cryptocurrency Market

Crypto derivatives trading at CME Group continues to increase with average daily volume reaching 202,000 contracts, up 73% from the previous year. This increase shows that more institutional investors are interested in crypto instruments that are more regulated and have clear risk mitigation mechanisms.

Additionally, CME Group has seen a 55% surge in open interest, signaling growing demand for cryptocurrency-based investment products.

Teddy Fusaro, President of Bitwise Asset Management, called this move an important stepping stone in bringing more crypto-based financial products that are legal and regulated.

Will Solana ETFs be Approved Soon?

Along with the launch of the Solana futures contract, speculation about a possible Solana ETF has intensified.

Read also: Ripple and BDACS Collaborate to Launch Crypto Asset Storage in South Korea!

Some analysts estimate the chances of Solana ETF approval by 2025 at 70%, especially with regulators’ growing acceptance of crypto-based ETFs.

Stock exchanges in Europe already have Solana Exchange-Traded Products (ETPs), and with CME Group introducing Solana Futures, the road to Solana ETFs in the US is becoming increasingly open.

Some experts believe that a more crypto-friendly administration could speed up regulatory approval for Solana’s ETF.

Impact on SOL Price and Crypto Market

Since the announcement of the launch of Solana Futures, SOL prices have surged by almost 7.86%, from 2,188,116 ($133) IDR to 2,353,476 IDR ($143) by the end of February 2025. This shows that the market is responding positively to a new investment instrument that allows more liquidity into the Solana ecosystem.

If this trend continues, Solana could be the next big cryptocurrency to get an ETF, following in the footsteps of Bitcoin and Ethereum which already have spot ETFs on the global market.

Overall, CME Group’s move in introducing the Solana SOL5.42%->Current SOL PriceRp 2.078.0165.42%Market CapRp 1.672 TriliunTrading VolumeRp 135,64 TriliunCirculating SupplyRp 479.179.305 futures contract marks a new era of crypto adoption in the traditional financial sector.

With increasing institutional interest and the possibility of a Solana ETF in the future, this cryptocurrency has the potential to become one of the main digital assets in the portfolios of large investors.

Although there are still regulatory challenges, the market shows that the demand for regulated crypto products is growing. If this momentum continues, Solana could become one of the most attractive digital assets in 2025 and beyond.

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinspeaker. CME Group Expands Crypto Offerings, Solana Futures Set to Launch on March 17. Accessed March 3, 2025.
• CryptoSlate. CME Group Set to Launch Solana Futures on March 17, Strengthening ETF Prospects. Accessed March 3, 2025.
• Crypto.news. Institutional Crypto Trading Grows as CME Group Introduces Solana Futures. Accessed March 3, 2025.