In July, the trading volume of Solana futures on the CME Group exchange amounted to $8.1 billion. This is 252% more than in June, when the figure reached $2.3 billion, according to The Block.
#CME Group#ETF#Solana (SOL)#ф'ючерси In July, the trading volume of Solana futures on the CME Group exchange amounted to $8.1 billion. This is 252% more than in June, when the figure reached $2.3 billion, according to The Block.
Open interest (OI) for SOL contracts increased by 203% — from $132.3 million in June to $400.9 million in July.
CME launched futures for Solana in March of this year.
microcontracts - based on 25 SOL;
The largest contracts are for 500 SOL.
What is the reason for the growth?
At the start, Solana futures attracted little attention: in March, the trading volume was $12.3 million, according to K33 Research. However, activity surged in July. This was driven by interest in potential ETFs considering altcoins.
"One step closer to a Solana exchange-traded fund," noted Matthew Siegel, head of digital asset research at VanEck, when CME announced the launch of SOL futures.
On July 31, VanEck, Fidelity, Franklin Templeton, Grayscale, CoinShares, Canary, and Bitwise submitted updated S-1 filings to the Securities and Exchange Commission.