The upcoming launch of Solana (SOL) futures on the Chicago Mercantile Exchange (CME), a US derivatives exchange, signals that the first US SOL exchange-traded fund (ETF) listings are coming soon, Chris Chung, founder of Solana-based swap platform Titan, told Cointelegraph.
On March 17, CME is preparing to launch SOL futures contracts. They will be among the first regulated Solana futures to hit the US market after Coinbase’s launched in February.
The listing “paves the way for the eventual approval of SOL ETFs,” Chung told Cointelegraph.
Chung said he expects the US Securities and Exchange Commission (SEC) to approve asset managers VanEck and Canary Capital’s proposed spot Solana ETFs as soon as May.
The existence of regulated Solana futures “signals to regulators that Solana is maturing as an asset, making it easier for them to greenlight additional financial products of