FalconX has executed what it claims is the first block trade for CME Group's newly launched Solana futures, in partnership with StoneX. This transaction, occurring a day before the official launch, was designed to help institutional investors manage risk and price exposure in a regulated setting. The block trade is significant as it reflects growing client demand for Solana futures and is seen as a precursor to a potential Solana ETF launch. CME Group announced its Solana futures contracts in late February 2025, offering both standard and micro contracts to enable participation. The futures will be cash-settled using a reference rate to provide a standardized benchmark. The introduction of Solana futures follows a pattern seen with Bitcoin and Ethereum, where futures appeared before ETFs were authorized, indicating a maturation of the crypto derivatives market. Since then, FalconX has been active in facilitating liquidity for crypto derivatives, reporting substantial trading volume across numerous digital assets as demand increases among institutions.

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