Recent data showed a significant increase in trading volumes and open interest for Solana futures on CME in July 2023.
Increase in Solana Futures Trading Volumes
The trading volume for Solana futures on CME reached $8.1 billion in July, marking a 252% increase from June's $2.3 billion. This surge is the highest activity since SOL futures started trading in March 2025.
Open Interest and Institutional Confidence
Average open interest for Solana futures rose to $400.9 million, a 203% increase from June's average of $132.3 million. These figures indicate a growing confidence from institutional traders in Solana.
Launch of Futures and Interest in ETFs
CME Group launched SOL futures in February 2023, allowing investors to trade Solana's price movements without directly holding the asset. Major asset managers like Franklin Templeton have filed for Solana ETFs.
The increasing interest in Solana futures and ETFs illustrates the growing trust in this asset among institutional investors.
