Solana ETF Approval Hinges on CME Futures Launch, Says CF Benchmarks CEO
CryptoNewsTerminal Staff03 Sep, 2024
Solana ETF Approval Hinges on CME Futures Launch, Says CF Benchmarks CEO
CF Benchmarks CEO Sui Chung shared his views on the much-anticipated Solana ETF in a recent interview with DL News. According to Chung, the approval of a Solana ETF is still a distant prospect in the current regulatory landscape. The U.S. Securities and Exchange Commission (SEC) has consistently emphasized the need for a regulated futures market before approving a spot ETF. This suggests that the launch of Solana futures on the Chicago Mercantile Exchange (CME) is a crucial milestone that must be achieved before the SEC considers approving a Solana ETF.
