CME Group revealed The term contracts on Solana (soil) are launched on March 17, pending regulatory approval, citing the increase in customer demand. Nate Geraci, CEO of the ETF store, noted that the development “augurs definitively well” for funds negotiated in exchange for soil (ETF).
According to a declaration of February 28, the term contracts on new Solana contracts will be available in two sizes: a micro-contract at 25 soil and a larger 500-soil contract.
CME Group said that these offers are designed to accommodate a wide range of market participants, from institutional investors to active merchants.
Giovanni Vicioso, global manager of CME group cryptocurrency products, stressed that the launch aims to meet the growing demand for customers. He added:
“While Solana continues to evolve towards the platform of choice for developers and investors, these new term contracts will provide a economical capital tool to support their investment and coverage strategies.”
In addition, industry figures such as Kyle Saman of Multicoin Capital and Teddy Fusaro from Bitwise have noted that the introduction of future soil is a sign of maturation of the market, because sophisticated tools to manage exposure to cryptography are necessary.
The Solara term contracts of the CME group will be brought together and recorded against the CME CF Solana-Dollar reference rate. The reference rate provides a standardized daily assessment of Solana in US dollars.
FNB ratings are stimulated
Analysts consider the term contracts as a requirement for approval of Crypto ETF., Because Bitcoin (BTC) and Ethereum (ETH) followed this path. Earning term contracts could increase the chances of ETF soil approval.
According to analysts from Bloomberg ETF Eric Balchunas and James Seyffart, the chances of an ETF Solana approved in the United States this year are 70%. The dry recently Recognized the soil deposits of five issuers earlier in February.
The documents were later Included in the federal register Between February 12 and 18, which means that the SEC now has 240 days to respond to deposits, ending on October 16.
The estimate of JPMorgan, based on the Bitcoin and Ethereum Ethers flows, predicted that the ETF Solana could capture 3 billion at 6 billion dollars in net flows.
The post-CME group is expected to launch Solana Futures on March 17, strengthening ETF prospects appeared first on Cryptoslate.
