For the first time in Solana in the future on CME with the growth of the dominant adoption

For the first time in Solana in the future on CME with the growth of the dominant adoption

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The futures contracts in Solaa (Sol) started trading on Chicago Trade (CME) The American group derivatives exchange on March 17And make the traded boxes closer to fruits.

This is a major landmark for Solana and paves the way for the ultimate approval of the traded investment funds, said Chris Chong, founder of the Solan Swap Titan platform.

Matthew Sigil, head of the Vank Digital Asset Research, also admitted to developing x on MondayAnd described it as a big step towards the approval of Solana ETF.

Solana Futures for the first time in the United States offers CME with a strong trade activity

In February, CME has announced plans to list two types of futures Sol: Standard Contracts representing 500 Micro contracts that cover 25 Sol.

These are the first future contracts of Solana Solana available in the United States market, after Coinbase launched Sol Futures in February. Contracts are stable cash instead of physically delivered them.

According to preliminary data from CME websiteSol Futures has seen almost a virtual size 40,000 Sol On the first day of trading – equivalent to about $ 5 million at current prices.

Early trading data indicates possible expectations among merchants. CME futures in April were priced at $ 127 per code, and $ 2 less than the contracts ending in March. The stock exchange does not publish daily trading sizes until the next business day.

The first trade was implemented ever in CME on March 16 by Falconx and Stonex trading companies.

“Solana has come a long way in the past five years,” said Chris Chung, the founder of the Solana Mubarak platform.

Giovanni Vicioso from CME Group said last month that the introduction of Solana Futures is in line with the increasing customer’s demand for a wide range of organized products to manage encrypted currency risk. He stressed that with the acquisition of traction between developers and investors, these future contracts will be an effective tool for investment and hedging strategies.

Solana ETF approval is gained in market attacks

According to Chong, creating a Sol Futures organized market indicates Solana’s maturity as a origin. He pointed out that this development can allow organizers to agree to additional financial products with similar risk profiles.

Chung also highlighted the changing organizational position towards the cryptocurrency in the United States this year. He pointed out that while many rejected the idea of ​​Solana ETF last year, it is now being inevitable. A wave of investment funds in Altcoin is expected to obtain approval in both North America and Canada, which enhances Solana in the prevailing financing.

On March 13, Chris Chung said that the US Securities and Stock Exchange Committee can agree to the Solana Solana investment funds proposed from Vaneck and Canary Capital early May.

Futures, which are unified agreements to buy or sell origin in a pre -defined future history, are widely used for both hedging and speculation by retail stores and institutional investors. It also plays an important role in supporting the investment funds circulating in the encrypted currency by providing an organized standard to track asset performance.

CME has already submitted Bitcoin Futures Contracts (BTC) and ETHER (ETH), both of whom received SEC’s approval of the investment funds circulated last year.

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

The US Securities and Stock Exchange Committee approved the list of investment funds circulating in the immediate bitcoin in January 2024 and Spot Ethereum ETFS in July. A coding work squad led by Republican Commissioner Hyster Pears was launched last month and works to distinguish between the encryption assets, which are securities, among other priorities.

At least 13 Solana ETF proposals awaiting SEC approval. Former President Donald Trump has appointed the Chefir Atkins attorney to lead the Supreme Education Council, but since Atkins has not yet been subjected to confirmation sessions, these proposals are still in organizational forgetfulness.

The head of the Etf Nate Geraci store recently predicted that Blackrock will eventually present to both Solana and XRP ETFS, indicating that A. Solana file It can happen soon. Last month, Bloomberg ETF analysts estimated 70 % of Solana ETF’s approval by the end of the year.

As of now, the original Solana code is traded at a price of about $ 126.56, a decrease of 2.1 % in the past 24 hours.

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