CME Solana Futures Launch 'Imminent'...Private Trading Already Started

On the 16th (local time), cryptocurrency media outlet Decrypt reported that digital asset broker FalconX completed a Chicago Mercantile Exchange (CME) Solana (SOL) futures block trade. Block trades are private futures contracts conducted outside the formal exchange to avoid asset price fluctuations.

FalconX stated in an announcement, "We are pleased to execute the first CME Solana trade together with StoneX. This is an opportunity for Solana to gain exposure to institutional investors in a regulated environment."

Meanwhile, with the launch of Solana futures, expectations for a Solana spot Exchange-Traded Fund (ETF) are also expected to amplify. Decrypt noted, "Previously, Bitcoin (BTC) and Ethereum (ETH) also had futures products appear before the launch of spot ETFs."

Currently, numerous asset management firms including Franklin Templeton, Grayscale, 21Shares, Bitwise, VanEck, and Canary Capital have applied for Solana spot ETFs.