Solana futures on CME hit new record

Trading volume and open interest for Solana futures on CME surged in July, reaching $8.1 billion and $400.9 million respectively — more than tripling compared to June and setting a new record since their launch in March.

This spike was fueled by expectations of a spot Solana ETF in the U.S. In July alone, Solana futures-based ETFs attracted over $500 million in inflows, accounting for 23% of total assets under management.

Although still far behind CME’s Bitcoin and Ethereum futures — which reached $275 billion and $118 billion in July respectively — Solana is gradually catching up, thanks to the rapid growth of its ecosystem and rising interest from major asset managers like VanEck, Fidelity, Grayscale, and Franklin Templeton.