Cryptocurrencies: A Major CEO Predicts What Will Happen to Solana After CME Group Launch

The upcoming launch of Solana (SOL) futures by CME Group has generated considerable excitement in the cryptocurrency world. Sui Chung, CEO of CF Benchmarks, has analyzed the impact of this move, offering insightful perspectives on Solana’s future.

According to Chung, the fact that Solana will be traded on CME means that more investors, including large institutions that only invest in regulated assets, will have access to the cryptocurrency. This could lead to an increase in Solana’s buying and selling activity, strengthening the market and encouraging the development of new products and services around it.

Boost for Solana ETF Approval
CME’s decision to list Solana futures greatly enhances the likelihood of approval for spot ETF applications in the future. The SEC needs to see a regulated futures market before greenlighting a cryptocurrency ETF, as it provides them with confidence to manage market manipulation and safeguard investors. Chung suggests that the SEC will likely want to monitor Solana’s futures trading on CME for several months before approving an ETF.

Solana as a "Bluechip" Cryptocurrency

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