Solana (SOL) futures debut on CME with $5 million worth of contracts traded

From Cointelegraph

March 17, 2025 5:40 PM:

Solana (SOL) futures debuted on the CME on March 17, offering standard and micro contracts. Nearly $5 million worth of SOL futures were traded on the first day. Early data suggests bearish sentiment among traders. The April futures traded at $127 per SOL, $2 less than March contracts. Trading firms FalconX and StoneX completed the first SOL futures trade on the CME.

Chris Chung, founder of Titan, expects the SEC to approve spot Solana ETFs by May. Bloomberg Intelligence estimates a 70% chance of approval for SOL ETFs. Futures contracts are crucial for hedging and speculation. CME already lists BTC and ETH futures. US regulators approved ETFs for Bitcoin and Ethereum last year.

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1. Bitcoin reached a new all-time high of $64,863 before dropping to $60,000 due to market volatility. This comes as investors await the Coinbase IPO on April 14, which could potentially drive more interest in cryptocurrencies.

2. Ethereum also hit a new record high of $2,500 as the overall cryptocurrency market cap surpassed $2 trillion for the first time. This milestone reflects growing mainstream acceptance of digital assets as a legitimate investment.

3. Dogecoin surged over 400% in a week, fueled by tweets from Elon Musk and Mark Cuban. The meme-based cryptocurrency has now become a top 10 digital asset by market cap, highlighting the power of social media influencers in driving market movements.: Solana futures finish first trading day on CME