Spot Solana ETFs Approval Increases Following Solana Futures’ Launch by CME

As the Chicago Mercantile Exchange (CME) in the US gears up to launch Solana (SOL) futures on the 17th, expectations are rising for the potential approval of spot Solana ETFs.

On the 14th, Chris Chung, founder of the Solana-based swap platform Titan, said that “the launch of Solana futures paves the way for Solana spot ETF listings.”

He noted that the US Securities and Exchange Commission (SEC) might approve VanEck and Canary Capital’s spot ETFs as early as May.

He further explained, “The emergence of regulated Solana futures indicates that institutions and regulatory authorities view Solana as a mature asset,” adding, “This will facilitate the approval of similar financial products.”