Solana, already a darling of institutional investors, has just received a serious boost from Donald Trump, who placed it among the strategic cryptos of the United States. A size recognition for this Altcoin, which continues to expand its influence. And now Solana takes a new step with the arrival of its term contracts on the Mercantile Chicago Exchange (CME), an event that could well open the way to an ETF Solara eagerly awaited by the market.
Solana is entering the market for future
Sunday March 17, the CME welcomed The very first term contracts on Solana. A strong signal for theInstitutional adoption Digital assets, which joins Bitcoin and Ethereum on the famous financial derivative platform. Two types of contracts are offered: one intended for large institutions, representing 500 soil, and another more accessible to individual traders, covering 25 soil.
From the first day, nearly 40,000 soil, or about $ 5 million, have changed hands on the CME.
An encouraging start -up, although some observers note a slight lower offset on contract prices. Indeed, the future of April negotiated to $ 127 per soil, $ 2 less dollars than those in March. Caution that could reflect a market awaiting more volume.
Chris Chung, founder of the Titan exchange platform, does not hide his enthusiasm ::
Solana has traveled a long way in five years. His future arrives on the CME today, and the ETFs will follow closely.
Optimism shared by many investors, who see in this evolution A door open to new financial products based on Solana.
However, a question arises: is the volume of exchanges sufficient to convince the dry to accelerate the validation of an ETF Solana?
As Jack Kubinec points out on X, Only 110 contracts were exchanged The first day, far from what the regulatory body considers a market “ significant ».
Towards an Crypto ETF on Solana: an uncertain bet?
The arrival of future on Solana relaunches the debate on the Creation of an Crypto ETF based ona key issue for its adoption by the general public and institutional investors. To date, Five ETF transmitters have filed requests With the dry to rack an ETF Solana in cash.
The regulatory authority has Until October 2025 To make your verdict.
Why such a craze around Crypto ETF? Simply becauseThey facilitate access to digital assets Without requiring to buy tokens directly. A mechanism that has already enabled Bitcoin and Ethereum to attract a massive influx of capital when they obtained their own ETF.
But The dry has not yet given a clear sign As for its position on Solana.
The key element lies in the solidity of the regulated market for future. Understanding contracts play a crucial role by serving as a reliable indicator for underlying assets. However, to obtain an ETF, Solana must prove that his future on the CME reach a critical size.
Some analysts remain cautious, such as Jack Kubinec, who emphasizes that the low volume of the first exchanges on the CME could slow down the enthusiasm of the dry. On the other hand, major actors like Falconx and Stonex do not hide their optimism.
Falconx even executed The very first transaction in block on future soilsaying wanting to become the benchmark institutional gateway for the cryptos market.
It remains to be seen if Solana will be able to seduce enough traders to convince the dry to cross the course. After all, Bitcoin and Ethereum have already shown the way … So will Solana be the next elected representative of the Crypto market?
Regarding ETF Solana, Vaneck estimates the chances of seeing it approved in 2025. By then, the market will have to prove that Solana is well rooted in the big leagues.
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