Solana (Sol) Future's start date confirmed by CME Group: Details

The derivative Trading Giant CME Group, based in Chicago, has officially confirmed that the futures of Solana (Sol) should be presented on March 17th.

The product still has to obtain the required official approval.

Giovanni Vicioso from CME Group says that the new product will be introduced in response to the growing customer issue.

Dominant Bitcoin Futures market dominate

At the end of 2017, the Chicago -based commercial game was in the cryptocurrency market, which coincided with the climax of a large bullish cycle.

The CME Group is currently dominating the Bitcoin Futures market. According to the data provided by the Analytics Platform Coinglass, the total amount of the open interest is currently $ 12.75 billion.

A big step towards Solana

It is believed that the start of regulated Solana futures is an important step to approved Spot Solana Exchange Fund (ETFs) in the USA.

At the beginning of this year, the SEC recognized several Solana Etf submissions. The agency should now announce its decision by mid -October.

Polymarket users see an 85% chance that such products will be approved in 2025.