CME Denies Plans for Solana Futures, What’s True?

The Chicago Mercantile Exchange (CME) recently debunked rumors about possible plans for Solana futures, putting to rest speculation about Solana’s integration into the financial markets. However, this development casts a shadow on the possible future of Solana Exchange Traded Funds (ETFs).

CME confirms no plans for Solana futures

A source within the CME confirmed that no Solana futures fund will be listed, meaning hopes for a Solana ETF are gone for now. This decision by the CME Group is in line with ongoing assessments within the cryptocurrency derivatives market.

Regulatory hurdles delay potential Solana-based ETF

Analysts emphasize that there are significant obstacles to overcome before a Solana ETF can be launched. This includes the need for a regulated futures market, which requires oversight from the Commodity Futures Trading Commission. In addition, legislation such as the FIT 21 law is needed. The categorization of Solana as a security by the Securities and Exchange Commission (SEC) also adds to the complexity surrounding creating a Solana-based ETF.