Editor's PiCK
US CME to Launch Solana Futures... "Solana Spot ETF Approval Possibility Increases for May"
Summary
- The Chicago Mercantile Exchange (CME) in the United States announced that it will launch Solana (SOL) futures products on the 17th.
- Chris Chung, founder of Solana-based swap platform Titan, stated that approval for Solana spot ETFs could happen as early as May.
- He analyzed that the emergence of Solana futures means that institutions and regulatory authorities recognize Solana as a mature asset.
As the Chicago Mercantile Exchange (CME) in the United States prepares to launch Solana (SOL) futures products on the 17th, there are forecasts that the possibility of approval for Solana spot ETFs has also increased.
On the 14th (local time), Chris Chung, founder of Solana-based swap platform Titan, said in an interview with Cointelegraph, "The launch of Solana futures products has opened the path for Solana spot ETF listings. There is a possibility that the U.S. Securities and Exchange Commission (SEC) could approve VanEck and Canary Capital's spot ETFs as early as May."
He further analyzed, "The emergence of regulated Solana futures is a signal that institutions and regulatory authorities recognize Solana as a mature asset," adding, "This will make it easier to approve similar financial products."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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