CME futures activity points to a higher probability for a Solana ETF, with seven funds under review
The post CME futures activity points to a higher probability for a Solana ETF, with seven funds under review appeared on BitcoinEthereumNews.com.
The market is positioning itself for an imminent launch of a Solana ETF. Futures activity on CME is the busiest to date, showing readiness for mainstream trading. Despite the recent slide of SOL prices, the mainstream markets are showing signs of preparing for an imminent launch of a Solana ETF. After the latest round of S-1 form updates, Solana futures volumes spiked on the CME, reaching their highest level since the launch in March. Analysts also suggested the higher volumes may be indicating a readiness for ETF approval in the coming months. SOL futures volumes on the Chicago Mercantile Exchange (CME) reached peak activity in June. | Source: CME A total of seven ETF may be approved soon, of which one will include SOL staking for an innovative product combining mainstream investment with crypto-native income. The CME futures show a mix of smaller traders and institutional involvement. In the past few days, the CME noted institutions were increasing their share of trading, making up 10% of blocks traded in May. Since the launch, 106K contracts were traded, with a notional volume of $3B. While the CME market remains smaller compared to overall SOL activity, the products show awareness and mainstream interest. The exchange also posted peak daily open interest as of July 17, retaining the trend of growing activity. SOL market shows signs of increased ETF probability During the ETF preview period, SOL showed price weakness after dipping under $130. SOL is also mostly pressured by futures markets speculation and attempts to liquidate long positions. However, mainstream investors are positioning themselves with more readiness for ETF trading. One of the recent signs of readiness was the listing of VanEck’s VSOL ticker with the Depository Trust & Clearing Corporation (DTCC). The listing does not mean trading launch is imminent, but in…
Filed under: News - @ June 23, 2025 7:29 pm