Solana Futures Debut on CME, Sparking Optimism for Potential SOL ETF Approval

Solana futures trading commenced on the Chicago Mercantile Exchange (CME) on Monday, signaling a significant step towards the potential approval of spot SOL exchange-traded funds (ETFs). This development follows Solana's five-year anniversary and its position as the sixth-most valuable blockchain by market capitalization. CME Group now offers micro (25 SOL) and standard (500 SOL) contracts. Experts like Chris Chung from Titan and VanEck's Matthew Sigel view this as a major milestone, potentially easing regulatory concerns. While at least 13 SOL ETF products await SEC approval, the classification of Solana as a security remains a critical factor. Bloomberg ETF analysts estimate a 70% approval chance by year-end. As of today, Solana's native token trades around $126.56, a 2.1% decrease in the last 24 hours.