The upcoming launch of Solana futures on the Chicago Mercantile Exchange (CME) indicates that the first US SOL exchange-traded fund (ETF) listings may be imminent, according to Chris Chung, founder of Solana-based platform Titan. The listing of regulated Solana futures is expected to ease the approval process for SOL ETFs, which Chung believes could be sanctioned by the US Securities and Exchange Commission (SEC) as soon as May. Chung highlighted that regulated futures markets provide a stable reference for measuring an asset's performance, helping legitimize financial products related to Solana. The introduction of Solana futures and ETFs aims to extend the use of Solana beyond memecoins, fostering more serious investments and applications such as payments and remittances. He noted that a weak price performance of Ethereum makes Solana a preferable option for retail investors looking for exposure to crypto assets aside from Bitcoin.

Source 🔗